Monday, July 16, 2012

Nokia Cuts U.S. Price of Flagship Phone in Half - WSJ.com

Nokia Lumia 900 now SRP $49.99; meanwhile, in the bigger Nokia picture:
"Nokia's stock touched a 17-year low last week and ended down 2.5% at €1.51 ($1.85) in Helsinki trading Friday. Its market capitalization of about €5.6 billion, or roughly $6.86 billion, represents a more than 95% decline from its peak days during the information-technology boom at the turn of the century.
The struggling handset maker's market capitalization is now lower than the $8.5 billion Microsoft paid for Internet phone company Skype Ltd. last year. Nokia is valued at roughly half of Apple's latest quarterly net profit."
Nokia Cuts U.S. Price of Flagship Phone in Half - WSJ.com
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