Nokia Shares Decline as Flagship U.S. Handset Price Drops
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The price of Nokia Oyj’s Lumia 900, the smartphone the company is counting on to revive U.S. sales, was cut in half at AT&T Inc. stores in a sign the device is struggling to lure users away from the iPhone and Android models.
Nokia fell as much as 3.9 percent in Helsinki. The phone is now available for $49.99 with a two-year contract, according to AT&T’s website. The largest U.S. phone company began offering the device in April. The latest versions of Apple Inc.’s iPhone and Samsung Electronics Co.’s Galaxy S, which runs on Google Inc.’s Android software, start at $199.99 at AT&T.