Is Microsoft Leaving Smartphones?

Microsoft CEO Satya Nadella announced that the company would be scaling down its mobile phone hardware business. Nadella called the company’s dramatic course change a “restructuring.” He used phrases like “effective and focused” and “long-term reinvention and mobility.” But make no mistake: Today’s announcement (7,800 layoffs and a $7.6 billion write-off, mostly related to Microsoft’s phone business and its purchase of Nokia last year) is a letter of surrender.

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