Nokia Plans Cheaper Lumia Phones as Struggles Mount - WSJ.com

Nokia's old platform burns out faster than its new one catches fire

"But consumers around the world are shunning basic Nokia phones and turning increasingly to cheap smartphones powered by Google Inc.'s Android software. One of those phone makers, Samsung Electronics Co., could surpass Nokia as the world's largest maker of phones by volume this year, according to some market observers.
Mr. Elop said Nokia's nonsmartphone portfolio is at a disadvantage among price-sensitive consumers in the Middle East, Africa, Asia, and elsewhere, who are also increasingly tech-savvy. He said Nokia will be launching basic phones with increased social-networking support, such as Facebook in Arabic and improved integration with Twitter."

Nokia Plans Cheaper Lumia Phones as Struggles Mount - WSJ.com