Nokia as we know posted a much lower than expected profit and as a result have reduced the prices of its handsets and also have delayed the release if its updated Symbian 3 software.

This is intended to challenge Apple and Blackberry maker Research in Motion for the high end segment. Nokia’s chief executive Olli-Pekka Kallasvou has said that they continue to face tough competition in respect of the high end mobile devices. He also commented that the company will not ship the product before the quality is something that will meet the end user needs and demands.

The biggest cuts from Nokia are around their E series devices of around 10%, this makes room in it’s portfolio for new and cheaper models which can be rolled out during the coming months.

It is also expected that any product launches that run the new MeeGo software which Nokia has co developed with Intel could also boost handset sales. Nokia’s overall share has slowly reduced over the recent years from Smartphone specialists Apple and Research in Motion in the premium segment.

Source – mobiledia.com