A couple weeks ago, Microsoft scrapped its KIN One and Two, two social phones that were the subject of a pretty big marketing campaign.
Now we know why. Sales figures have been touted for the KIN phones - a measly 503 units in three months, at least according to Daring Fireball, which quotes an unnamed Microsoft source:
"As a shareholder, I am pissed. It's one thing to incubate products and bring them to a proof-of-concept to see what works, but it's something else to launch. I suspect we launched because we felt like we HAD to so we could save face because we were trying to build buzz, but overall - HUGE fail."
The source also said that the money spent on the lavish launch party at MS HQ probably cost more than the total revenue pulled in the handsets.