Microsoft Posts Record Loss as it Writes Down Nokia

 

 Microsoft Corp reported a $3.2 billion quarterly net loss, its biggest ever, as the company wrote down its Nokia phone business and demand fell for its Windows operating system.

The company took a charge of $7.5 billion in the fourth quarter related to the restructuring of its Nokia handset business, which it bought last year


Microsoft's shares fell 4% to $45.38 in extended trading on Tuesday July 21,2015

Under Chief Executive Satya Nadella, the company has been shifting its focus to software and cloud services as demand for its once-popular Windows operating system slows.

Sales of Windows to computer manufacturers to install on new PCs fell 22 %  in the quarter.

Microsoft reported a net loss of 40 cents per share for the quarter ended June 30. The company had posted net income of $4.61 billion, or 55 cents per share, a year earlier