Bill Gates believes Microsoft's lost out on $400B by losing the smartphone market

During a talk with venture capital company Village Global Bill Gates admitted that he regrets that Microsoft didn't beat Google to create the "standard non-Apple phone platform". In his own words, "In the software world, particularly for platforms, these are winner-take-all markets. So the greatest mistake ever is whatever mismanagement I engaged in that caused Microsoft not to be what Android is. That is, Android is the standard non-Apple phone platform. That was a natural thing for Microsoft to win. It really is winner take all. If you're there with half as many apps or 90 percent as...