Helsinki: Loss-making Finnish cellphone maker Nokia has slashed around 15 percent off the price of its midrange Lumia 800 Windows Phone this week and made smaller price cuts on its other Windows models, revealed two industry sources on Thursday.

However Nokia said that price cuts were part of its usual business. "Our pricing has been business as usual, reflecting typical product lifecycle changes," said a Nokia spokesperson.

Nokia unveiled two new Lumia smartphones on Wednesday, drawing a quick thumbs-down from investors looking for transformational handsets to rescue the former market leader, but did not say what price the phones would sell for.

(Agencies)

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