Earlier today, Microsoft announced a major restructuring of its mobile hardware business, which will include the loss of around 7,800 jobs, mostly from its phone division. The company also took a write-down of $7.6 billion, an 'impairment charge' related to its $7.2 billion acquisition of Nokia's devices and services business last year.
But despite the gloom surrounding this announcement, Microsoft says it remains committed to its phone business - both by supporting its hardware partners with their third-party Windows 10 Mobile handsets, and by continuing to offer its own mobile hardware.
Microsoft CEO Satya Nadella said earlier today that the company will now focus on delivering phones to three key market segments: value-focused devices, business handsets, and Windows flagships. Bloomberg has now got a little more information on Microsoft's plans for its new more 'focused' product portfolio, via an unnamed 'person familiar with the plans'...
Read more: More details emerge on Microsofts Windows phone plans