Global market share of Windows smartphones fell below 1% in the first quarter of 2016, according to research firm Gartner. The company said on Wednesday it expected to cut all 1,350 jobs at its Finnish mobile phone unit and close down a research and development site in the country. As a result, Nokia and Microsoft have slashed thousands of Finnish jobs over the past decade, and the lack of substitute jobs is the main reason for the country’s current economic stagnation. The US company said it would shed up to 1,850 jobs, most of them in Finland, and write down $950 million from the business. Microsoft said it would continue to develop the Windows 10 platform, but gave no comment on whether it would develop new Windows phonesOne of the buildings on the campus of Microsoft headquarters in Redmond, Washington.

Source: Mint May 25, 2016 09:30 UTC