Less than 18 months after Microsoft completed the acquisition of Nokia’s mobile phone division for $9.4 billion, the company announced a new plan to restructure its phone hardware business. The plan that involves a massive $7.6 billion write-down and the layoff of up to 7,800 employees is all but a failure so it seems .
as Microsoft still hasn’t managed to gain traction in the smartphone industry.
Looking at today’s chart, it doesn’t come as much of a surprise that buying Nokia turned out to be flop. The former market leader was already in steep decline, when Microsoft decided to shell out $9.4 bil
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