I have a few brief comments here on the crop of technology earnings and stories that are coming out. The lead story is actually on Nokia's earnings because it captures the pricing pressure I believe is happening right across the technology landscape - from handsets to mobile apps to mobile telecom pricing. Everywhere you look, average selling price is declining.
Here's what 'The Verge' says about Nokia's conundrum:
The company's average selling price (ASP) for each phone it ships also fell. It now stands at €45 ($59), down from €48 ($63) last quarter. Smartphone-specific ASP also dropped from €191 ($250) last quarter to €157 ($206). Given that the company launched the Lumia 520 (named the 521 in America), its cheapest Windows Phone yet, some drop in ASP was to be expected, but the size...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.