After failing to make a success of the mobile business that it purchased from Nokia in 2014, Microsoft has announced that it will be pulling out of the consumer telephone market resulting in the loss of up to 1,850 jobs worldwide. Microsoft took a huge gamble with the purchase, with then CEO Steve Ballmer wanting to turn the corporation into a devices and services company capable of outputting mobile hardware. Microsoft is now ready to call time on that gamble by pulling out of the consumer phone market entirely as part of an effort to streamline its mobile division.
