Nokia cuts phone prices, pressuring rivals

Aug 1st, 2008 | By Rosh PR | Category: General

The world’s top cell phone maker Nokia cut prices for many of its handsets in July, according to market data and industry sources, putting further pressure on its rivals’ already thin profits.

Nokia made the steepest price reductions of up to 10 percent for selected music and media phones, while it made smaller cuts across the portfolio, a European telecom industry source said.

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