A surprising discovery has been made regarding Microsoft’s acquisition of Nokia’s mobile business back in 2013, which didn’t turn out to be as profitable as the company might have expected.
According to a new report, Microsoft’s Satya Nadella revealed in his new book that he was against the company’s acquisition of Nokia back in 2013.
I voted no. I did not get why the world needed the third ecosystem in phones, unless we changed the rules … But it was too late to regain the ground we had lost. We were chasing our competitors’ taillights. Buying a company with weak market share is always risky. We should only be in the phone business when we have something that is really differentiated.
The company laid of thousands of workers acquired after the Redmond based company purchased Nokia, and later decided to write off the acquisition.
The executive continues to mention that if Microsoft wants to take a jab at the smartphone market with their own operating system, they should come up with something that sets it apart from its competitors, and is really a game changer.
Source: Windows Central
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