Technology research firm Gartner (NYSE:IT) released a report stating that by 2017, shipments of devices using Google's (NASDAQ:GOOGL) Android operating system are expected to dwarf shipments of Windows-powered devices. In a last-ditch effort to get back in the race and stem the tide of Google's surging market share, Microsoft (NASDAQ:MSFT) purchased Nokia's (NYSE:NOK) handset business and related patents for approximately $7 billion.

In the following video, Motley Fool analysts Joe Tenebruso and Eric Bleeker discuss why it appears Microsoft may have already lost the race to Google and Apple (NASDAQ:AAPL), and that this latest acquisition may turn out to be another in a long line of mistakes for the fallen king of software.