Nokia’s CFO reaffirms what Nokia’s CEO said days ago: Average phone price will drop

Reuters:

Nokia (NYSE: NOK), the world’s biggest maker of mobile phones, expects industry average selling prices (ASPs) for handsets to continue to fall, Chief Financial Officer Rick Simonson said on Wednesday.

Nokia and its biggest rival Motorola (NYSE: MOT) Inc. have seen pressure on mobile phone prices as most of growth comes from selling cheaper phones in emerging markets.

"Yes, ASPs have declined over the last few quarters. We expect that to continue," Simonson said at a Bank of America technology conference in New York.

"For the year we see the industry having some ASP decline," he said.

My previous blog post concerning Olli-Pekka Kallasvuo quotes.