Schaeffer's Market Blog: Source Denies Microsoft Smartphone Rumors

CINCINNATI--(BUSINESS WIRE)--Despite rumors to the contrary, a source close to Microsoft (NASDAQ: MSFT) told Dow Jones that the Redmond, Washington-based software giant has no plans to follow in Apple's (NASDAQ: AAPL) footsteps by launching its own smartphone device. The source stated, "It's clearly not Microsoft's strategy to make phone hardware. Our core competency is creating an operating system and a set of services that enable our partners to produce great phones."

“It's clearly not Microsoft's strategy to make phone hardware. Our core competency is creating an operating system and a set of services that enable our partners to produce great phones.”

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