July 8, 2015
Nokia joins 6 other big Microsoft fails
Happier days: Microsoft’s Steve Ballmer and Nokia’s Stephen Elop in 2012.
Microsoft Corp.’s acquisition of Nokia hasn’t gone well, to say the least. The tech giant is cutting thousands of jobs and taking a $7.6 billion charge related to the purchase of the once-hot, now-struggling Finnish maker of mobile phones.
Microsoft’s /zigman2/quotes/207732364/composite MSFT +0.04% misstep is nothing new for this company, however. While Apple Inc. /zigman2/quotes/202934861/composite AAPL -0.96% has launched the mobile revolution with the iPhone and iPad and become the most valuable company in the world, The House That Bill Gates Built has suffered a series of fails as it tries to catch up with it and younger Silicon Valley rivals.
With Wednesday’s announcement, the Nokia acquisition — which closed just over a year ago and was the last big move from former Chief Executive Steve Ballmer — joins that list.
Here are other notable fails:
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