As the latest smartphone from Nokia arrives in the UK, sources claim that the Finnish manufacturer is cutting prices across its mobile phone range in order to remain competitive.
Today, mobile network Three announced it was going to make the X7 handset available, making it the first network to do so. The X7 will be the second Nokia phone to ship with the Symbian Anna update following the release of the E6 earlier this month. The X7 will be available on a two year contract from £30-a-month or you can buy the phone outright on pay-as-you-go for £379 - £30 more then the E6.
The X7 is powered by an ARM1176 680MHz processor, which seems is a little outdated at this stage. The stainless steel casing is complimented by the 4in AMOLED Gorilla Glass display on the front. On the rear is an 8 megapixel EDoF camera with dual LED flashes that can capture 720p video recordings. The X7 comes with 8GB of storage and supports up to 32GB via microSD card.
In other Nokia news Reuters are reporting that sources familiar with the matter have said the Finnish mobile giant has cut the prices on a range of its handsets including the N8, C7 and even the E6. The price cuts are an attempt to slow the decline in its share of the high-end smartphone market. Cuts of up to 15 percent are reported to have been made on the three models mentioned above.
"There are no very big cuts per model, but the scale - across the portfolio - is unseen for a very, very long time," said one of the sources, who works at a European telecoms operator. Nokia’s shares dipped sharply following the news and were down 2 percent at €4.35 this afternoon. A Nokia spokesman said it was “business as usual” at the Finnish manufacturer.