Microsoft to sell phone on Verizon

Targeted at heavy users of social networks, the phones are being developed by Microsoft under the code name Project Pink

Microsoft primarily competes in the wireless industry by selling its Windows mobile software to multiple handset makers, but it has been losing market share to Apple Inc, Google Inc and others.

Microsoft Corp is aiming to launch two phones that will be sold by top U.S. mobile operator Verizon Wireless in late spring or early summer

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