According to a Reuters report, the Nokia Lumia 920 32GB variant will be sold at around 5,700 Swedish Crowns, which is around Rs. 46,116. It's notable the 16GB Samsung Galaxy S III in the country is around 4,515 Crowns, while the 32GB iPhone 5 is due to sell 6,995 Crowns.

In Italy, the Lumia 920 has been priced at 599 Euros (Rs. 40,925 approximately), against the 16GB Samsung S III's 529 Euros. In Germany, the Nokia Lumia 920 for 649 Euros (Rs. 44,352 approx.). It sells the iPhone for 820 Euros, the 32GB Galaxy S III for 740 Euros and the 16GB Galaxy for 530 Euros.

Nokia has pinned its turnaround hopes on its new Lumia series smartphones, featuring Windows Phone 8. However, experts believe the high pricing for the Windows Phone 8-based Nokia Lumia 920 could jeopardise the company's efforts to catch up with the competitors. The pricing of the Lumia 920 puts the device in direct competition against high-end smartphones such as the iPhone 5 and Samsung Galaxy S III. However, the S III has been in the market for quite sometime now, while the iPhone 5 will be rolling out in different markets very soon.

As far as the Indian market goes, the high-end devices like the Samsung Galaxy S III, Galaxy S II, HTC One X and Apple iPhone 4S are priced between Rs. 30,000 Rs. 45,000.