The Finnish Giant Nokia, after almost spending a year or so in shadows has come to the limelight.
Report suggests within this period Nokia has invested in the development of GSM, UMTS/3G WCDMA and WLAN order of 40 billion euros. Not only this, Nokia might have just started the price war again cutting prices of its phones upto 10% according to the latest reports.
Nokia generally reduces prices across its range a few times a year as it introduces new models and adjusts to changes in demand, but this was particularly stringent. The company said that the slashes in prices are part of its normal business and that they usually do it a couple times per year.
“This latest round of price adjustments sees Nokia taking its low-cost Symbian devices into new territory,” said Ben Wood, CCS Insight Research Director, in an interview.