Economy Tech

Nokia is expected to lower the price of its smartphones

HELSINKI (Reuters) – Nokia has reduced the price of its smartphones since early July to stem the decline in its market share in high-end cell phones, indicated that two industry sources on Tuesday.

One source says the flagship of the group, N8, C7, and the model of the E6, widely used by professionals, will experience the largest price decreases of about 15%.

Other reductions will be lower, said the two sources.

“There is not very big reduction for each model, but these reductions made ​​over the entire range, it had not seen for a very long time,” said one source who works for a European operator.

A spokesman for Nokia has found that price changes were part of the usual train business.

The Finnish group is expected to publish losses in the second and third quarters of this year. The range of Nokia smartphones continues to lose market share, falling to 25.5% in the first quarter against 39% a year earlier, according to research firm Gartner.

Many analysts predict that this trend continues in 2011.

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