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