Market slumps for $3,000 luxury cell phones - CNN.com - 0 views
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Got a few grand to spare for a $3,000 phone? Yeah, we didn't think so. Nobody does -- and that's a problem for the makers of luxury phones, such as Motorola, Bang & Olufson, LG and Vertu.
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Motorola has already gotten the memo. Earlier this week, the company reportedly canceled the Ivory E18, a device tentatively priced around $3,000. The phone had met with lack of interest from telecom carriers. Motorola declined to comment.
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But Nuovo isn't convinced. "Take watches and cars," he says. "They all run the same but everyone has a unique way of delivering them stylistically. We can do the same with phones."
