Nokia forced to cut price of 'flagship' new smartphone by 50% after disastrous sales

It was hailed as the phone with which Nokia would finally challenge the dominance of the iPhone and GalaxyS.
But the Finnish phonemaker has been ordered to cut the price of its Lumia 900 by half just weeks after launch.


The cost of the Lumia 900 Windows phone in the US has now been reduced to $49.99 from $99 with a two-year contract, Nokia spokesman Keith Nowak said on Sunday.
Nokia has being the main player in the mobile market for the best part of a decade,  But Nokia has failed to produce a smartphone to compete with those from rivals such as Apple, Samsung and HTC.
The company was criticised for being late to embrace smartphones and has been lagging behind ever since.