Nokia slashes prices of older Windows phones

  • Struggling Finnish firm Nokia has cut prices of its older smartphone models using Microsoft Windows software.

    The move comes a day after the launch of its latest Lumia phones, which failed to lift investor sentiment and saw the company’s share price drop by nearly 14 percent.

    According to industry sources, Nokia lowered the price of its mid-range Lumia 800 Windows Phone by around 15 percent this week and also made reductions on other Windows models.

    Nokia has not yet officially confirmed the price cuts but said such measures were normal.