Telecom & Wireless
Nokia Cuts Prices, Starts Handset Price War
Published:
Last Updated:
The price war for market share in the cellular business have moved from carriers to handset manufacturers. AT&T (NYSE:T) and Verizon Wireless have dropped subscriber fees in a battle for US customers. Now Nokia (NYSE:NOK) will drop the prices of almost all of its handsets. Most models will be sold for 10% less than they are now.
The initial effects of the Nokia move may be on makers of mid-level phones in terms of price and function. Many of these are made by Sony Ericsson and LG. But, as Nokia brings down what consumers pay for its most advanced handsets.It will increase its competition with the Apple (NASDAQ:AAPL) iPhone and RIM (NASDAQ:RIMM) Blackberry. The could force those two companies to evaluate cost cuts of their own.
The smart phone price wars have begun in earnest.
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
