Smartphone prices deducted by Nokia

www.WirelessFederation.com/news: The phone prices have been cut by Nokia across its portfolio by up to 10%, putting its cheapest smartphones on a collision course with mid-range phones from rivals Samsung and Sony Ericsson.

According to Nokia, price changes were part of its normal, ongoing business as the company usually cuts prices across its portfolio a few times each year.

After the price cut Nokia’s cheapest smartphone model, the 5230, costs around EUR 170 in Finland and the model’s wholesale price is now below EUR 120.