# Professor Nicholas Economides on Microsoft's purchase and writeoff of Nokia's phone business

1 Faculty News July 31, 2015 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times](http://www.nytimes.com/2015/07/31/business/in-microsofts-nokia-debacle-a-view-of-an-industrys-feet-of-clay.html) -- "Microsoft’s 'grand scheme was to have a single platform that ran on PCs, laptops, tablets and phones, and to be able to sell applications that run Windows,' said [Nicholas Economides](http://www.stern.nyu.edu/faculty/bio/nicholas-economides), an economics professor at the Stern School of Business at New York University who specializes in network economics and electronic commerce. 'That failed.'"

[Read more](http://www.nytimes.com/2015/07/31/business/in-microsofts-nokia-debacle-a-view-of-an-industrys-feet-of-clay.html)