FINLAND: Microsoft confirms it will close its mobile phone unit cutting 1,350 jobs due to failure of their acquisition of Nokia handset business – @AceFinanceNews

#AceFinanceNews – July.11: Microsoft confirms it will close its mobile phone unit in Finland, cutting 1,350 jobs.

The US software giant paid $7.2bn (£5.5bn) for Nokia’s handset business in 2014, but failed to make a success of new devices.

In May, Windows-powered smartphones accounted for fewer than 1% of global smartphone sales.

One industry analyst suggested the firm was too late to the market.

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