Andre Yoskowitz
22 Feb 2011 1:48
Nokia CEO Stephen Elop has said this week that smartphones running Windows Phone 7 will see their prices fall "very fast."
Microsoft and Nokia recently made a deal to have WP7 available on Nokia smartphones into the future and a key point in Nokia picking Microsoft was that they could bring prices down to "a very low price point."
Elop says: "We have become convinced that we can do that very quickly."
Microsoft will open its platform to other chipsets suppliers outside of Qualcomm, which should help reduce prices.
As a sign of support, Elop (a former Microsoft exec) sold all of his remaining Microsoft shares and used the proceeds to buy 150,000 shares of Nokia.