It is a stale news that Nokia is fighting hard for getting a stronger foothold in the market as they are losing their market share very rapidly for the past few months. They are trying hard to make a place in mobile lovers’ heart through their smartphones & dual SIM budget phones that will not burn a whole in their pockets.
But their declining market share is yet to reflect the smartphone market. And it has finally been revealed through price cut in all smartphones in the European continent. The company has announced 15% reduction in prices of smartphone devices like Nokia N8, C7 and E6.
The loss in market share had also forced the company to shut down its stores in countries like France, Spain and the Netherlands as well as two flagship stores in US.
Nokia’s smartphone share had also gone down (reportedly 25% decline) during the first quarter of the year and it is more likely to decline further during the rest half!