What Is the Significance of Job Cuts at Microsoft's Phone Division?

Microsoft announced on Wednesday that it was writing off 80% of the value of its Nokia acquisition and cutting up to 7,800 jobs, mostly from the phone business. This move is significant as it hints at change in Microsoft's strategy related to smartphones. We believe that instead of pursuing the intensely competitive phone hardware market, Microsoft is aiming to develop an ecosystem of applications that are Windows 10 ready, and can run across devices such as desktop, laptops and phones. Through ...