Pricing fears rise in shrinking cell phone market

Nokia and its main cell phone rivals have started to slash prices as demand falls and retailers cut inventories after lackluster holiday sales, reports Yahoo Tech.

... Last week, Nokia slashed prices for many models, with the sharpest cuts -- around 10 percent according to Finnish retail data -- coming mostly in the mid-to-higher end phones.

Also last week, Europe's largest independent mobile phone retailer, Carphone Warehouse, slashed more than a third off the price of Nokia's first phone model with an unlimited music bundle.

Sony Ericsson cut prices in mid-January for its music range models, like W890i and W902, by 10 percent or more, but its sales chief said this was within the usual range.

emily | 4:17 PM | |
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