Microsoft Set to Launch New Mobile Phones

Microsoft plans to introduce a new range of mobile phones with social-networking capabilities aimed at young consumers, part of the company's plan to revive its struggling mobile-phone strategy, a report says.
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REDMOND, Wash. (

TheStreet

) --

Microsoft

(MSFT) - Get Report

plans to soon introduce a new range of mobile phones with social-networking capabilities aimed at young consumers, part of the company's plan to revive its struggling mobile-phone strategy, the

Wall Street Journal

reports.

One of the new devices, categorized under the code-name "Pink," will be seen on the shelves later this month in the U.S. The new mobile launch is with the support of Verizon Wireless, the venture owned by

Verizon

(VZ) - Get Report

and

Vodafone

(VOD) - Get Report

, a source told the

Journal

.

Microsoft designed the software, online services and hardware for the Pink mobile phones, while

Sharp

of Japan manufactured the device.

Microsoft on Monday invited the media to an event April 12 in San Francisco with the slogan, "It's time to share." Though the company declined to disclose the event's purpose, people familiar with the matter told the

Journal

it would be to introduce the new phones.

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