Microsoft has finally purchased Nokia's Devices and Services business. Many people have speculated for some time that this deal was inevitable. Microsoft announced the news yesterday.
Microsoft paid $7.2 billion for Nokia's smartphone business. Had they not purchased Nokia, there was a risk that Windows Phone would die because Nokia was underperforming. This deal makes sure that Microsoft will have solid hardware going forward. It also means, Microsoft is trying to be Apple by controlling both the software and hardware in an integrated device.
Interestingly, Stephen Elop will step down as CEO, and become Executive Vice President of devices and services.
This was an obvious deal to be made, but it underscores just how pathetic Microsoft has been in the mobile space. Before the iPhone was announced, Microsoft was doing quite well in the mobile space but they failed to see the shifting tides. Apple changed the mobile landscape and Microsoft has been behind ever since.
Microsoft paid $7.2 billion for Nokia's smartphone business. Had they not purchased Nokia, there was a risk that Windows Phone would die because Nokia was underperforming. This deal makes sure that Microsoft will have solid hardware going forward. It also means, Microsoft is trying to be Apple by controlling both the software and hardware in an integrated device.
Interestingly, Stephen Elop will step down as CEO, and become Executive Vice President of devices and services.
This was an obvious deal to be made, but it underscores just how pathetic Microsoft has been in the mobile space. Before the iPhone was announced, Microsoft was doing quite well in the mobile space but they failed to see the shifting tides. Apple changed the mobile landscape and Microsoft has been behind ever since.