Drop could spark price war according to analysts.
Nokia has slashed the price of its N8, C7 and E6 Symbian smartphones by 15 per cent, in a move which is being seen as Espoo’s latest attempt to regain its popularity in the smartphone space.
“Two industry sources” told Reuters that the trio of top-end phones weren’t the only models to see price cuts. Other, unnamed phones are also being dropped in price, on a scale which, “…has not been seen for a very, very long time.”
Analysts warned that the cuts could lead to a price war, as rivals like Samsung look to drive home their advantage and ensure that Nokia doesn’t regain its position at the top of the smartphone charts.