The price of Nokia Oyj (NOK1V)’s Lumia 900, which the company is counting on to challenge the iPhone and Android devices, was cut in half to $49.99 at AT&T Inc. (T) (T) stores.
The product is available at that price with a two-year commitment, according to AT&T’s website. AT&T began offering the phone in April, following the debut of the Lumia lineup in the U.S. on T-Mobile USA’s network in January.
North America was the only region where Espoo, Finland- based Nokia saw handset shipments grow sequentially in the first quarter, helped by the release of the Lumia 710 on T-Mobile. Still, the 600,000 units shipped marked a 50 percent decline from a year earlier. Sales of the Lumia on AT&T started after the quarter ended, so its impact won’t be seen until Nokia reports its next quarterly results on July 19.
The price cut was previously reported by the Wall Street Journal.