Microsoft Pulls The Plug On Consumer Phone Business
It’s official. Microsoft is out of the consumer phone business that it got when it bought Nokia. After dumping some Nokia related assets last week, Microsoft has laid off 1850 people according to The Verge. None of this is cheap. Noika was purchased for $7.2 billion in 2014. This announcement will see $950 million written off, adding to the $7.6 billion the company wrote off last year when it cut 7,800 jobs to refocus its Windows Phone plans.
Talk about a #fail. It’s a safe bet that shareholders will not be happy.
July 11, 2017 at 2:08 pm
[…] the fact that Windows Phone 10 is due to reach its end of support date in 2018, and the fact that Microsoft no longer makes its own phones, you have to think that the writing is on the wall for Windows 10. Probably. While it could yet […]