Telefonica exec echoes what we already know: Nokia's new handsets are too spendy

Nokia has certainly had a reputation of keeping its premier phones at a high price, but it's not too often that we hear a head honcho in the industry say anything about it. Telefonica European General Manager Simon Lee-Smith went on the record to voice his displeasure over the exorbitant cost of the Lumia 800 as well as the N8 and N9. Speaking with Telecoms.com, he mentioned that the only way Espoo's going to push a significant volume of Windows Phones is to offer them at a reasonable price point. Vendors, according to Lee-Smith, have unrealistic expectations of what consumers - and carriers - will pay for smartphones.

Engadget, Telefonica exec echoes what we already know: Nokia's new handsets are too spendy