Nokia a blow for Microsoft | Svenska Dagbladet – Swedish Dagbladet

Photo: Jeff Chiu / AP Photo

just over a year since Microsoft bought the Finnish Nokia’s phone business. Microsoft is a giant in the software with Windows and Office.

Nokia had great success with their phones in the 1990s and the first years after the turn of the century. Then came the smart phones and Nokia ended up in the back water. Therefore, it attracted attention when Microsoft bought Nokia phones 2014.

Now forced Microsoft write down the value of the phones by 8.4 billion dollars, equivalent to about 68 billion. According to news agency AP impairment loss was expected after Microsoft two weeks ago announced that it will reduce its workforce by 7,800 people.

Microsoft reported a net loss for the latest quarter at 3.20 billion dollars, equivalent to more than 25 billion. That compares with a profit of 4.61 billion dollars, equivalent to about 35 billion, a year earlier.