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Microsoft Sees Phone Business Shrivel

  • The Verge, Friday, October 21, 2016 10:55 AM
During its fiscal first quarter, Microsoft saw revenue from its phone business decline 72%, the software giant revealed on Thursday. “Considering Microsoft has given up on phone hardware, that's hardly a surprise, and it's likely we'll see this decrease further in future quarters,” The Verge reports. Overall, the company reported revenue of $20.5 billion and net income of $4.7 billion.

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