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Microsoft Posts $3.2 Billion Loss As It Writes Down Nokia Phone Business

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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An advertisement for Microsoft is seen over 42nd Street in ManhattanMicrosoft Corp reported a $3.2 billion quarterly net loss as it wrote down its Nokia phone business and demand fell for its Windows operating system. The company took a charge of $7.5 billion in the fourth quarter related to the restructuring of its Nokia handset business, which it acquired last year. Microsoft's shares fell 3 percent to $45.80 in extended trading on Tuesday.




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