According to the sources, Nokia is cutting the price of the flagship N8 model, the multimedia C7 and the business handset E6 by 15%. Other handsets see a smaller cut.
"There are no very big cuts per model, but the scale -- across the portfolio -- has not been seen for a very, very long time."
Nokia has no comment on specific price cuts, but did say that price changes were part of normal business.
It's not all bad news for Nokia - Rumor has it that the company is getting $11.50 from Apple for each iPhone sold thanks to a lucrative patent deal.
There's never been a better time to pick up a Nokia smartphone.