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Nokia Phone Prices to Fall

Nokia, the world’s biggest maker of mobile phones, expects industry average selling prices (ASPs) for handsets to continue to fall, Chief Financial Officer Rick Simonson said on Wednesday.

Nokia and its biggest rival Motorola Inc. have seen pressure on mobile phone prices as most of growth comes from selling cheaper phones in emerging markets.

“Yes, ASPs have declined over the last few quarters. We expect that to continue,” Simonson said at a Bank of America technology conference in New York.

“For the year we see the industry having some ASP decline,” he said.

Nokia said last month the average selling price of its phones fell to about $117 (89 euros) in the fourth quarter, compared with 99 euros in the year-ago period.

But while Motorola had cited lower phone prices for its weak fourth-quarter earnings and revenue, Simonson implied that that was a company-specific problem because he said Nokia’s prices were better than expected in the quarter.

“The pricing dynamic was probably a little more robust than we might have expected,” Simonson said.

According to new research from Nokia, mobile phone gamers are looking to the
next generation of mobile gaming to meet their needs to easily discover, share
and play fun and high quality mobile games.

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February 22, 2007 - Posted by | best mobile applications, Best mobiles, mobile applications

1 Comment »

  1. We always want to help the potential buyers along with what there pockets have and can… Nice blog! we have a forum nokia which might be of your interest.

    Comment by John | February 23, 2007 | Reply


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