The Nokia Lumia 900 is cheaper to buy starting this week at $49.99

Starting this week, you can get a Lumia 900 via its exclusive wireless carrier AT&T in the US at $49.99, by signing a two year contract. That is a 50 percent price cut for the Windows Phone 7.5-powered smartphone.

The announcement was made on Nokia's blog, along with the announcement that the previously revealed pink version of the Lumia 900 is now also available for sale at AT&T stores.

The Lumia 900 launched in April for $99.99, with AT&T saying that demand for the phone had exceeded its expectations. The phone has also received positive reviews.

Reuters reported that, according to a quote from a Nokia spokesperson, it is not unusual to cut the price of a smartphone at this stage of a product's life, and is part of the ongoing lifecycle management, which is jointly done between Nokia and carrier customers.