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Nokia Slashes Mobile Phone Prices as Much as 10%
Posted by Jesus Diaz at 9:30 AM on August 1, 2008
Trying to put pressure on their competition, or feeling the pressure from increasing Samsung and LG market share, Nokia has reduced many handset prices by 10%--mostly music and media phones--but also making discounts across the whole portfolio. Analyst and Sean Connery-fan David Hallden calls the move a Crazy Ivan:
This is basically a way to run away from competition. You're putting a lot of pressure on your less competitive peers. I think they're doing a Crazy Ivan.
And we think you are watching too many submarine movies lately, David, but you may be right. In any case, cheaper phones are good for everyone. [Reuters]
Comments (AU Comments · US Comments)
There are currently no AU comments for this post.
Roboscan
Posted 10:23 AM 1/8/08
10% WOW!!!!!!!! I think the earth just stood still!
Roboscan
Emiat
Posted 10:14 AM 1/8/08
@Leonard Nimrod: And what phone has been released already at the start of August that would cause Nokia to slash their prices?
Emiat
Leonard Nimrod
Posted 9:44 AM 1/8/08
Mostly music and media phones, eh? I wonder if this has anything to do with a certain music and media phone released this month?
Leonard Nimrod
anothernord
Posted 9:44 AM 1/8/08
Great, now I can buy an N96 for 730 dollars instead of 800.
anothernord
MacTodd
Posted 11:06 AM 1/8/08
10% = "slash"? Who writes these headlines? Slash from GNR?
MacTodd
Monty
Posted 10:55 AM 1/8/08
Thank you, Giz, for posting a phone article without mentioning the iPhone even once. It is a nice respite, and much appreciated.
By the way, what is that giant black Nokia model with the mean face? I don't recognize it.
Monty
chizelord
Posted 10:34 AM 1/8/08
I've got nothin...
chizelord
EBone
Posted 12:18 PM 1/8/08
I think you need to hit at least the 30% off mark to be considered a 'slash'
/ :-)
EBone
usa1
Posted 12:03 PM 1/8/08
Wow. 10% off of a consumer electronic device. I'm speechless.
usa1
vgart
Posted 11:19 AM 1/8/08
ohhh poor Nokia.
Looks like they not gonna own the world anymore.
vgart
Leonard Nimrod
Posted 11:15 AM 1/8/08
@Emiat: It's July where I'm at. August starts tomorrow.
Leonard Nimrod
mister_s
Posted 7:25 PM 1/8/08
@anothernord: why did you give yourself only a 8.75% discount?
mister_s
Kim98
Posted 8:08 PM 1/8/08
Funny how people are predicting the demise of Nokia when their market share is now higher than ever and grew to 40% from 38% in Q2/2007 (year or year) and from 39% in Q1/2008 (previous quarter). And that's while the iPhone has been out and while everyone has been declaring Nokia to be screwed on Gizmodo.
Also I'm not sure why people are talking about 800 USD Nokia N-series phones here. You can get them for free with a contract in most countries in the world. The price cut just makes it cheaper for the carriers to buy them, or for consumers to buy them if they want them unsubsidized and non-SIM-locked to use on any network anywhere in the world. If your priority is price then get them subsidized for free (or for well below 100 USD / euros) - certainly much cheaper than the 199 USD iPhone!
Kim98
Parapraxis
Posted 2:37 AM 2/8/08
@Kim98:
most countries, BUT NOT THE US!!!
our money's about as worthless as monopoly money nowadays.
I'm sure there's someone in Zimbabwe laughing at us too.
Parapraxis
holysocks
Posted 3:04 AM 2/8/08
yes you can get them subsidized in US, from Chinese phone shops. $200 for N82 with 1 year $39.99 contract
holysocks
Jrsy
Posted 1:43 AM 3/8/08
Thanks Nokia.
Be nice if you did this before I bought my N95...
Jrsy