Paul McDougall for Information Week:

Microsoft’s share of the smartphone market is plummeting at an alarming rate–so much so that the company’s last ditch effort to make an impact in mobility, Windows Phone 7, may be irrelevant by the time it manages to ship the much-anticipated Mango update and realize its partnership with Nokia later this year.

The really alarming figure for Microsoft is that the 38% drop is not just for Windows 7, but the entire Windows Phone line.

UPDATE: Uh oh.

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