Nokia prices dip
By Stefan Constantinescu on Monday, November 27th, 2006 at 3:15 PM PST In Financial/Corporate News
Cell phone giant Nokia (NYSE: NOK) dropped its prices in the third quarter in an effort to compete in emerging markets. Overall unit sales grew in the quarter, but average selling prices dipped to $117 as more product is pushed into China and India for lower prices. Nokia is surging in the emerging markets, said analyst Jussi Hyoty at FIM Securities. Prices have come down because of fierce competition.
Source: TMC Net
It seems they have sunk in to their margins a little too much. Then again I always get high end phones so I can’t comment on the low end line up.
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