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US$7 billion charge leads to largest loss ever for Microsoft

Thursday, July 23, 2015 - 05:50
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The accounting charge, stemming from Microsoft's troubled acquisition of Nokia's cellphone business, was disclosed by the company earlier this month

Seattle

AN accounting charge wiped out Microsoft's profit for the quarter, leading to its largest loss ever, the company said on Tuesday, making clear the cost of its missteps in the mobile business.

The US$7.5 billion accounting charge, stemming from Microsoft's troubled