microsoft nokia write off sunken cost

Summary

Microsoft has taken an "impairment charge" of $7.6 billion related to its Nokia acquisition, which is nearly the full amount it paid for the Finnish firm's smartphone business and patents last year. 1 In the 10-Q filed with the U.S. Securities and Exchange Commission (SEC) last week, Microsoft said that its Phone Hardware division, which is based largely on the Nokia assets, lost money in the March quarter. 2 This suggests that Microsoft has written off the sunken cost of its Nokia acquisition.

According to
1 www.computerworld.com 2 www.computerworld.com


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Summary Microsoft today wrote off billions of dollars related to its Nokia acquisition, saying it's taking an "impairment charge" of $7.6 billion, or nearly the full amount it paid for the Finnish firm's smartphone business and patents last year.
Microsoft writes off $7.6B, admits failure of Nokia acquisition
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computerworld.com
Microsoft is taking another almost $1 billion hit on its failed Nokia acquisition today. The software maker is "streamlining" its smartphone business, writing off $950 million and cutting...
Microsoft wasted at least $8 billion on its failed Nokia experiment
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theverge.com
Microsoft warned in April that the phone unit’s performance had worsened despite steep cuts to head count and other costs. Nadella a year ago announced layoffs that would affect about…
Job cuts, write-off tag Microsoft purchase of Nokia as a $7.6B mistake ...
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seattletimes.com
Summary In the 10-Q filed with the U.S. Securities and Exchange Commission (SEC) last week, Microsoft said that its Phone Hardware division, which is based largely on the Nokia assets acquired last year for approximately $7.9 billion, lost money in the March quarter.
Microsoft hints at impending write-off of Nokia acquisition that could ...
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computerworld.com
In 2013, Microsoft paid over $7 billion for Nokia ’s handset business in an ill-fated attempt to provide a third alternative to iPhone and Android handsets with Windows Phone. It failed...
Microsoft In The Frame To Buy Nokia (Again), Analysts Forecast - Forbes
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forbes.com
Summary Microsoft today wrote off billions of dollars related to its Nokia acquisition, saying it's taking an "impairment charge" of $7.6 billion, or nearly the full amount it paid for…
microsoft nokia write off sunken cost results - neeva.com
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neeva.com
Microsoft announced today it was going to shut down the Nokia phone unit, take a $7.6 billion write - off (more than the $7.2 billion they paid for it) and lay off …
A $7.6B Write-Off Is Never A Good Sign, Microsoft - Forbes
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forbes.com
Microsoft, Apple, Others Smack Themselves with Sunk Costs, Bad Decisions. Just as it killed off its Money product this last summer, Microsoft is now putting the axe to Office Accounting.
Microsoft, Apple, Others Smack Themselves with Sunk Costs, Bad ...
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cbsnews.com
Sunk Cost : A sunk cost is a cost that has already been incurred and thus cannot be recovered. A sunk cost differs from future costs that a business may face,…
What Is a Sunk Cost—and the Sunk Cost Fallacy? - Investopedia
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investopedia.com
UnknowingFool writes: Previously Microsoft announced they had written off the Nokia purchase for $7.6B in the last quarter. In doing so, Microsoft would create only the third unprofitable quarter in…
Behind the Microsoft Write-Off of Nokia - Slashdot
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slashdot.org
Microsoft could take a massive write - off to the tune of $5.46 billion on its acquisition of Nokia assets as soon as July of this year, according to some industry watchers.
Microsoft hints it may take a huge write-off for Nokia soon - Yahoo!
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yahoo.com