Owning that big 40% chunk of the world cell phone market doesn’t seem enough for the Finnish giant, as Nokia has announced up to 10% cut in price on many of its handsets. Most of the mobile phones seeing this fall come from Nokia’s music and media range, with smaller reductions across other lineups as well. Among the models seeing a significant drop are the XpressMusic 5310 and 5610 along with the N81 8GB. Good news to Nokia fanboys, but it remains to be seen how the other major manufacturers will retaliate, struggling already to gain a larger market for their products. Nokia already has a strong foothold in emerging countries like India, not giving other players much leeway to peddle their products in those markets. Still, this shouldn’t affect those die-hard Sony Ericsson and Motorola fans who wouldn’t budge their stance even if Nokia cut the prices in half, right?

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