The following is an excerpt from ANTON TROIANOVSKI, SVEN GRUNDBERG AND SPENCER E. ANTE | June 14, 2012 | WSJ.com |
Nokia Corp. warned Thursday that its cellphone business is quickly deteriorating and that it will cut 10,000 workers, a setback that threatens partner Microsoft Corp.’s mobile aspirations.
The companies bound themselves together last year in a last-ditch effort to compete in a smartphone market dominated by Apple Inc. and Google Inc. Now, Microsoft faces the possibility that the company responsible for two-thirds of its mobile software shipments may not be strong enough to give it influence in mobile computing.
Until this year, Nokia enjoyed a 14-year-run as the world’s largest maker of mobile phones. But the company raised new doubts …
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