Microsoft could be about to write-off billions of dollars related to its Nokia phone business acquisition. In a filing with the US Securities and Exchange Commission (SEC) last week, the software giant revealed that its phone hardware has been losing money. Revenue was $1.4 billion for the quarter ended March 31st, and the cost of that revenue exceeded sales by $4 million. ComputerWorld reports that Microsoft lost around 12 cents per phone, even before the costs of marketing and R&D are even considered.
While that’s not particularly surprising given Microsoft’s focus on low-end handsets, the software giant also warned that it may need to write-off some of the Nokia phone business acquisition. "Given its recent performance, the Phone...
Microsoft is losing money on Windows phones
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