Feeds

Savaged Nokia crops prices

Bargain phones to stem market share drop

  • alert
  • submit to reddit

Security for virtualized datacentres

Nokia has responded to a steep decline in market share for mobile phones this year by slashing prices. Nokia's share measured by Strategy Analytics has dipped five percentage points in the past quarter to below thirty per cent. Last year Nokia garnered 38 per cent of all phones sold, almost three times its nearest rival.

Citing reports from the channel, the Financial Times said that phone prices were being trimmed by as much as 25 per cent across most models. Other reports cite cuts of between 15 and 20 per cent.

A bullish Motorola, which reported an unexpectedly strongest quarter this month, and Samsung each inch up by a percentage point, according to Strategy Analytics.

Nokia saw its share price plunge after reporting that its handset sales wouldn't meet expectations. The news prompted an ambulance-chasing class action from a specialist New York law firm. ®

Related stories

Motorola makes hay during Q1
Sony Ericsson pressures Nokia
Nokia issues sales warning
Nokia: sales slump caused by inadequate product range
Nokia blip prompts class action suit
Nokia warns of handset sales slip

Intelligent flash storage arrays

More from The Register

next story
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
FCC, Google cast eye over millimetre wireless
The smaller the wave, the bigger 5G's chances of success
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.