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Cell phone giant Nokia 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.
About The Author
Stefan Constantinescu
Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.
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rishab sharma
