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Microsoft to Streamline Smartphone Hardware Business

Software giant insists that it isn’t exiting the mobile-phone business and will focus efforts in areas where it has ‘differentiation’

Microsoft Corp., struggling to restart its mobile strategy after multiple misfires, early on Wednesday morning announced a further step in dismantling the mobile-phone operations it acquired from Nokia Corp.

The software giant will lay off 1,850 workers, taking an impairment and restructuring charge of approximately $950 million, the company...

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