Did Microsoft Just Admit Windows Phone Can't Compete?
Microsoft is writing off its Nokia acquisition as a $7.6 billion mistake and is laying off 7,800 employees associated with Windows Phone.By Leah Becerra | July 8, 2015
When Steve Ballmer was CEO of Microsoft, he made a — let's call it "bold" — move in acquiring Nokia's mobile phone arm for roughly $7.9 billion.
We learned Wednesday that current CEO Satya Nadella is writing off that purchase to the tune of $7.6 billion. (Video via Microsoft)
It’s hard to think of a clearer way a company could admit it screwed up. But Microsoft hasn't given up on Windows Phone.