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Nokia to unveil cheaper models on Monday
- Finland: Saturday, February 23 - 2013 at 02:19
Nokia has decided to shifting the focus of its turnaround strategy to regaining domination of cheaper handsets after a stuttering campaign to catch up with Apple and Samsung in high-end smartphones, Reuters has reported, citing company sources. The Finnish handset maker plans to introduce cut-price basic phones to compete with the likes of Huawei and ZTE and a new, lower-price model of its Lumia smartphone on Monday at the Mobile World Congress convention in Barcelona. Nokia's market share in the smartphone business is still only around 5%.
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