Many people thought
after the announcement of Lumia 920 that the phone could be given a try
provided the price is right. Nokia Corporation (ADR)(NYSE:NOK) has a tendency
to distribute its phones to the local sellers and let them decide the price tag
of the phone. That is why Nokia phones generally carry large price variations
between nations.
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Investors Buy NOK Now? Find Out Here
It seems that AT&T
that has exclusivity of Nokia Lumia 920 in the US has decided to price its
phone very antagonistically. The price tag of $450 without contract and $100
with contract is much lower than the competition. The starting price of Apple’s
iPhone 5 is $649 without a contract. Samsung’s Galaxy S III starts from $549.
This may seem to hurt
profit margins of the company. However, it will help Nokia to sell more phones,
helping it to be more prominent. Having a better prominence can aid Nokia
greatly when it comes to advertising the phone. If a high quality phone is used
widely, it will lure more users with time. In addition to pricing the phone
very hurriedly, AT&T also has throw in a free wireless charger with the
phone.
It also seems as if the
Lumia 920 will be available in a number of countries at the same time. The
latest country to have Lumia 920 this November is said to be in India. While
India is the main market for Nokia and the company still boasts its status as
the largest mobile phone company in terms of volume, Nokia’s management took
some time to introduce the Lumia 900 in the country.
In case the phone finds
success in the US, it can surely make an impression all over the globe. The US
is very much like a showcase of the world. That is the reason Samsung is
densely invested in this nation.
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