Nokia cuts prices of older Lumia phones

Reuters: Loss-making Nokia has slashed prices of its older smartphone models using Microsoft Windows software, industry sources said. Two industry sources told Reuters that the Finnish group, which is struggling to recoup ground lost to its rivals, cut the price of its mid-range Lumia 800 Windows Phone by around 15 percent this week and made smaller reductions on other Windows models.

Nokia did not disclose the price or roll-out dates of the new models - which with their rounded edges and colourful covers look similar to their predecessors.