Nokia cuts prices of older Windows phones
Helsinki: A day after Finnish handset maker announced its Windows 8 phone there are reports that the company has slashed prices of its older smartphone models using Microsoft Windows software, reports a news wire.
As per reports, Nokia has cut the price of its mid-range Lumia 800 Windows Phone by around 15 percent this week and made smaller reductions on other Windows models.
The reason behind cutting the prices of current Lumia 800 and 900 devices is due to Nokia’s new announcement of the updated Windows Phone 8 software.
The company did not officially disclose the price cuts of the older phones but said such steps were a normal part of its business.
The lower prices will hurt Nokia's bottom line, particularly in September and October as analysts expect the new models to begin contributing to results only the following month.
With Agency Inputs