Microsoft completes $7.2B Nokia acquisition, will now attempt a messy transformation into a low-margin hardware company

Microsoft CEO Satya Nadella, with Stephen Elop of Nokia
As of this morning, Microsoft officially owns Nokia’s handset business. The deal cost Microsoft $7.2 billion, and in one fell swoop it turns the software company into one of the world’s largest hardware companies, not only becoming the primary source of Windows Phone devices (the Lumia brand accounts for around 90% of all Windows Phones sold), but also taking on the hundreds of millions of low-end phones that Nokia currently produces for developing markets. But… now what?

The original article can be found here: http://www.extremetech.com/computing/181344-microsoft-completes-7-2b-nokia-acquisition-will-now-attempt-a-messy-transformation-into-a-low-margin-hardware-company

Powered by WPeMatico

Print Friendly, PDF & Email