Microsoft is buying Nokia Devices and Services for EUR 3.79 billion. Another EUR 1.65 will go to license Nokia’s patents. All for EUR 5.44 billion in cash.
The question on everyones’ lips, what is going to happen to the low end devices. Nokia by total mobile phone shipment is still the biggest guy on the block.
Is Microsoft trying to out Apple’s formula? Apple with the launch of the iconic iPhone, dragged the whole company out of doldrums. Some say bankruptcy.