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Phone deal with Nokia became Microsoft’s $10 billion mistake

NEW YORK, NY – SEPTEMBER 05:  The the new Nokia Lumia 920 (L) and 820 Windows smartphones are displayed during a joint event with Microsoft on September 5, 2012 in New York City.

Microsoft’s retreat from smartphone hardware signals defeat in the company’s nearly decadelong effort to challenge Apple and Google’s Android in the smartphone market.

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