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Microsoft Posts Largest-Ever Net Loss After Nokia Writedown

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Apple Crumbles... and Microsoft’s Nokia Hang-up

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Microsoft Corp. reported its largest-ever quarterly net loss, hurt by a $7.5 billion writedown after the purchase of Nokia’s handset unit failed to rescue the software maker’s mobile business.

The net loss in the fourth quarter, which ended June 30, amounted to $3.2 billion, and sales fell 5.1 percent to $22.2 billion, Microsoft said Tuesday in a statement. Excluding the Nokia charge and costs related to job cuts, profit was 62 cents a share. Analysts on average projected profit of 58 cents on sales of $22 billion, according to data compiled by Bloomberg.