Microsoft to stop designing, making mobile phones: Report

Microsoft to stop designing, making mobile phones: Report

Microsoft to stop designing, making mobile phones: Report

Microsoft Corp will stop designing and manufacturing mobile phones, Finland’s Helsingin Sanomat newspaper reported on its website citing an unnamed source.

A spokesman for Microsoft Finland declined to comment on the report which said the company had invited its Finland-based phone developers to a meeting in Espoo on Wednesday.

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The U.S. company entered the phone business in 2014 by buying Finnish firm Nokia’s once-dominant handset unit for about $7.2 billion.

It failed to turn the business around and took a $7.5 billion writedown last year.

This month Microsoft announced a sale of its entry-level feature phones business for $350 million, but said it would continue to develop its Lumia smartphones.

Source By indiatoday…

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