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Microsoft sees loss of $3.19 bn on Nokia writedown

Microsoft announced a net loss of $3.19 billion in the past quarter, blaming a hefty writedown on the smartphone business it acquired from Nokia

Microsoft announced a net loss of $3.19 billion in the past quarter Tuesday, blaming a hefty writedown on the smartphone business it acquired from Nokia.

The US tech giant earlier this month announced a $7.5 billion charge to write down the value of the smartphone operations acquired last year from the Finnish group.