Will Microsoft give up on Windows Mobile?

I doubt they ill give up but they have certainly lost ground in the battle for smartphone dominance and it will take them years and cost them billions to come back from behind.

in reference to:

"When Microsoft first started talking about building mobile-phone software back in the late 1990s, handset makers that had been in the market for years scoffed. Sure, Microsoft was a huge software developer, but making software for mobile devices is different and more complicated than for PCs, they argued. After all, by the late '90s, some companies had already spent decades developing their mobile platforms. But Microsoft, with its deep pockets, worked away at it and by last year, after first launching in 2002, Windows Mobile had a respectable 13.9 percent of worldwide smartphone market share, according to researchers at Canalys. This year brought an abrupt backward slide. By the second quarter 2009, Windows Mobile had slipped to just 9 percent market share, its lowest since early 2006, Canalys said."
- Has Microsoft Placed Its Last Mobile Bet? - Business Center - PC World (view on Google Sidewiki)