Feeds

Savaged Nokia crops prices

Bargain phones to stem market share drop

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

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

Beginner's guide to SSL certificates

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.