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Microsoft reported its results for the fourth quarter of its 2015 financial year, and while the company made a gargantuan loss, Xbox and the division it sits in made a tidy profit.Microsoft generated $22.2bn in revenue for the quarter ended 30th June 2015, but it made a loss of $2.1bn because of the eye-watering $7.5bn charge related to its £4.6bn purchase of the Nokia phone business, its recently-announced restructuring drive, which costs $780m, and a $160m charge related to its restructuring plan. That's a lot of costly restructuring.
Earlier this month Microsoft announced plans to cut 7800 jobs over the next several months as part of an overhaul of its phone business. Microsoft's Windows Phone has struggled to compete with Apple and Android devices in the smartphone space, and its September 2013 purchase of Nokia's mobile phone business hasn't had the desired effect.
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