Nokia Lumia 1020 price drops 33% 2 months after launch in China
When Nokia first announced Lumia 1020, I had only one issue with it. Crazy high price of $299 with a 2 year contract in U.S., 700 Euro unsubsidized in Europe and 5999 Yuan ($984) in China.
At that level, only the hard core fans and (maybe) digital photography enthusiasts would buy a Nokia phone, amazing camera or not.
But that may have been Nokia’s plan all along. Collect all the money you can from those who are ready to spend just to get their hands on the latest cameraphone marvel. Then drop the price to a more sensible levels.
And this is exactly what is happening now. In the U.S., AT&T Lumia 1020 went from $299 to $199 7 weeks ago, and you can have it from Amazon for $99 today.
2 months after official launch in China, prices for Nokia camera phone flagship are going down sharply too. They started at 5999 Yuan in August, but you can now get one for 3999 during short term promotion at Jingdong Mall (one of the biggest Chinese e-tailers).
That’s a 33% price drop in just two months.
So if Lumia 1020 only became available in your country recently, and still costs an arm and a leg, I’d suggest you wait a few weeks before buying. There is a very good chance you will be able to get it much cheaper in a month or two.