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. Read the full story at Business Week.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit



PreviousSales of disc-based video games and consoles fall 29% NextShelly Palmer Radio Report - July 16, 2012

Get Briefed Every Day!

Subscribe to my daily newsletter featuring current events and the top stories in technology, media, and marketing.