Nokia Oyj has cut the U.S. price of its flagship smartphone in half, barely three months after its launch, in an effort to stanch losses in market share to rivals such as Apple Inc and Samsung Electronics Co. The cost of the Lumia 900 Windows phone has been reduced to $49.99 from $99 with a two-year agreement, Nokia spokesman Keith Nowak said on Sunday. Nokia’s phone is sold at AT&T Inc stores. Nowak said the price cut “is part of our ongoing lifecycle management, which is jointly done between Nokia and carrier customers.” Once the world’s dominant mobile phone provider, Nokia was late to embrace smartphones, and has also been losing market share in less expensive mobile phones. READ ON: Nokia cuts price of flagship Lumia smartphone in half
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Nokia Oyj has cut the U.S. price of its flagship smartphone in half, barely three months after its launch, in an effort to stanch losses in market share to rivals such as Apple Inc and Samsung Electronics Co.

The cost of the Lumia 900 Windows phone has been reduced to $49.99 from $99 with a two-year agreement, Nokia spokesman Keith Nowak said on Sunday.

Nokia’s phone is sold at AT&T Inc stores. Nowak said the price cut “is part of our ongoing lifecycle management, which is jointly done between Nokia and carrier customers.”

Once the world’s dominant mobile phone provider, Nokia was late to embrace smartphones, and has also been losing market share in less expensive mobile phones.

READ ON: Nokia cuts price of flagship Lumia smartphone in half

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