Doesn’t look for Microsoft’s Lumia Smartphones. Lumia is a brand of Windows-powered smartphones that came out of the ashes of Nokia, when Microsoft bought Nokia’s handset business for $7.2bn two years ago.
“Microsoft has announced plans to cut up to 1,850 jobs as part of efforts to scale back its smartphone business. The firm also said it would post a $950m (£646m) writedown, part of which is to cover redundancy payments.
A union official suggested the firm had cancelled plans to manufacture further handsets of its own, although this has not been confirmed. The move comes just two years after the US company paid $7.2bn for Nokia’s handset business.
Last week, a study indicated Windows-powered handsets accounted for less than 1% of global smartphone sales over the first three months of the year. Microsoft is also in the process of selling its Nokia-branded feature phones business.”
Source: BBC
