The price of Nokia Oyj (NOK1V)’s Lumia 900, which the company is counting on to challenge the iPhone and Android devices, was cut in half to $49.99 at AT&T Inc. (T) (T) stores. The product is available at that price with a two-year commitment, according to AT&T’s website. AT&T began offering the phone in April, following the debut of the Lumia lineup in the U.S. on T-Mobile USA’s network in January. North America was the only region where Espoo, Finland- based Nokia saw handset shipments grow sequentially in the first quarter, helped by the release of the Lumia 710 on T-Mobile. Still, the 600,000 units shipped marked a 50 percent decline from a year earlier. Read the full story at Business Week.
Nokia Lumia 900 Drops to $49.99 as Phonemaker Seeks Comeback
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).