Nokia (NOK) has cut prices for mobile phones across its product portfolio by up to 10%, according to Reuters. The wire service notes that the company has also delayed the launch of a revamped version of its Symbian operating system software to the second half of the year from the second quarter, citing “two sources with direct knowledge of the delay.
Earlier today, Nokia reported March quarter results that disappointed the Street, among other things reducing its margin guidance for the June quarter; that news triggered an ugly sell-off in NOK shares.
In the regular session, NOK was down $1.96, or 13.1%, to $12.99.
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