Reuters first with news of Nokia price cuts, shares fall

Reuters scooped competitors on July 5 with news that Nokia had cut smartphone prices in Europe, sending the shares down around 2 percent. One source said Nokia had cut prices on its flagship N8 model and a few other smartphones by around 15 percent – a steep cut signalling how hard the company was trying to slow the decline in its market share. The story was picked up by rivals including The Wall Street Journal, Bloomberg and Nordic newswire Direkt. Research analysts also followed up with notes to clients.