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Microsoft reports biggest loss in history of company


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Microsoft reports biggest loss in history of company

Microsoft has reported its biggest loss in the history of the company – a 3.2 billion dollar net loss for the three months to the end of June.

It comes after Microsoft wrote down its Nokia phone business and demand for its Windows operating system fell.

Earlier this month the company announced a 7.5 billion dollar charge related to restructuring its Nokia handset business which it bought last year.

Revenue fell five percent to 22.18 billion dollars.

Sales of Windows to computer manufacturers to install on new PCs fell 22 percent in the quarter. The company is set to roll out Windows 10 at the end of this month.

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