Facing competition Nokia begins to slash phone prices

Recent reports are claiming that Nokia has begun to make some price cuts on selected music and media phones, in some cases up to 10-percent. In addition to the selected music and media models, Nokia has also made some smaller price cuts across the rest of their models. The Nokia 5310 and 5610 music phones as well as the 8GB N81 saw the largest cuts.

These price cuts come as a response to increased competition in the mobile phone market, however Nokia still holds a solid 40 percent overall, and this news will just make it a little tougher on some of their competition.