Nokia Lumia 920 priced above Samsung Galaxy S III

Nokia Lumia 920 priced above Samsung Galaxy S III Zeebiz Bureau

New Delhi: Finnish cellphone maker Nokia which is struggling to get back its coveted position in the market has priced its new Lumia 920 handset up to 25 percent higher than rival Samsung Electronics' Galaxy S III, as per media reports.

Lumia 920, which uses Microsoft's Windows Phone 8 software, is seen as potentially its last chance to break into the profitable segment and secure its future.

Nokia said Swedish carriers would sell the Lumia 920 for around 5,700 Swedish crowns ($860), excluding subsidies. This compares to 4,515 crowns asked for Galaxy S III at Expansys, one of the leading online phone stores in Europe.

In Italy, the Lumia 920 will sell for 599 euros ($770), compared with 530 euros for the Galaxy S III which has been on the market for four months.

The Galaxy S III retails for 530 euros also in Germany, where Nokia will ask 649 euros for the Lumia 920.

The Galaxy S III has become the pricing benchmark for flagship smartphones although Apple is selling its iPhone 5 well above those models.

With Agency Inputs