Nokia delisting from Frankfurt stock exchange, to slash price on the Nokia Lumia 800 soon

Nokia delisting from Frankfurt stock exchange, to slash price on the Nokia Lumia 800 soon
Nokia has announced its plans to delist from the Frankfurt bourse, one of Europe’s biggest stock markets, in the first half of 2012 as its stock volumes have decreased there. The company added that its Frankfurt shares represent only a small part of its stock. The company will continue publicly trading shares at the New York Stock Exchange (NYSE) and in Finland.

Along with the delisting news, an interesitng inside scoop surfaced from long-time Russian Nokia analyst Eldar Murtazin. Murtazin claims that sales of the Nokia Lumia 800 are not living up to the expectations and Nokia has secretly agreed to cut the price of the Lumia 800 by 15% in the second half of January or February. This, in his opinion, is indicative about the not so stellar sales of the first Nokia Windows Phone, which was supposed to be the company’s savior.

“Nokia 800 price cut in second half of Jan2012 or Feb - minus 15%. decision take yesterday. Thats ‘success’ [sic],” Murtazin tweeted.

We’d certainly take it with a grain of salt - up until now it’s just a rumor and Murtazin has a hit-or-miss record with his scoops. Additionally, just yesterday Nokia released a reassuring statement about the Lumia 800 after another analyst estimated sub-par sales of the device. The coming weeks and months might prove crucial about the device, but to draw some conclusion we'd rather wait until Nokia releases some official sales data after the end of this quarter.

source: Nokia, @eldarmurtazin


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