Microsoft Lowers Its Expectations for Phones – Wall Street Journal

Microsoft Corp.’s expected launch of new smartphones this week will mark its latest stab at a winning mobile strategy. The new approach boils down to two words: Redefine success.

At a media event Tuesday in New York, Microsoft plans to announce at least two high-end Lumia smartphones designed by the company and powered by its Windows software, according to people familiar with the company’s plans. The launch of new premium devices…

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