by Tom Taulli | July 16, 2012 11:00 am
In the U.S., Nokia (NYSE:NOK) has cut the price in half of its Lumia 900 smartphone to a new price tag of $49.99.
Considering the device came out just three months ago, it’s starting to look like it’s time to call the Lumia 900 a dud.
The Lumia was meant to be a way to fight back against the successful products shilled by Apple (NASDAQ:AAPL) and Samsung, but there has been little to differentiate the device.
And it’s not clear if a price cut will do much. Nokia’s partner, Microsoft (NASDAQ:MSFT), has essentially obsoleted the device, as it won’t be fully compatible with the upcoming launch of Windows Phone 8.
Nokia’s second-quarter earnings report comes out Thursday — unfortunately, it’ll probably be just another chance to announce more bad news.
Source URL: https://investorplace.com/2012/07/whoa-nokia-drastically-drops-price-of-smartphone/
Short URL: http://invstplc.com/1dcmvEZ
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.