Microsoft gives up on consumer phones, claims Windows Phones down but not out<div class="feat-image">
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<p>Ten months after Microsoft <a href="
http://9to5mac.com/2015/07/08/microsoft-job-cuts-write-off/" target="_blank">wrote-off[/url] its Nokia acquisition, the company has now <a href="
http://www.prnewswire.com/news-releases/microsoft-announces-streamlining-of-smartphone-hardware-business-300274560.html" target="_blank">announced[/url] that it is effectively out of the consumer phone business. It is cutting 1,850 jobs, and setting aside almost a billion dollars to cover the costs of exiting the business.</p>
<p class="p1"><span class="s1">Microsoft on Wednesday announced plans to streamline the company’s smartphone hardware business, which will impact up to 1,850 jobs. As a result, the company will record an impairment and restructuring charge of approximately $950 million [
…]</span></p>
<p class="p1"><span class="s1">“We are focusing our phone efforts where we have differentiation — with enterprises that value security, manageability and our Continuum capability, and consumers who value the same,” said Satya Nadella, chief executive officer of Microsoft.</span></p>
<p>The company recently saw its market share fall below 1%. While Microsoft is – for now – insistent that it has a future in the corporate smartphone business, the reality seems doubtful …</p>
<p> <a href="
http://9to5mac.com/2016/05/25/microsoft-windows-phone-dead/#more-432312" class="more-link">more…[/url]</p>
Filed under: <a href='
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Microsoft gives up on consumer phones, claims Windows Phones down but not out
