Microsoft's phone business is dying, but everything else is booming

We all knew Microsoft was going to report a rough fiscal 2015 after recently laying off 7,500 employees and writing off more than $7.6 billion due to its failed Nokia investment. But that doesn't mean they're sobbing in Redmond, Washington.

In fact, Microsoft announced that its Surface business grew 117% to $888 million in sales during 2015, thanks in large part to the Surface Pro 3 and Surface 3 hybrid laptops. Microsoft's Office 365 business was also booming this year, up 3% as the...

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