Satya Nadella: 'We clearly missed the mobile phone'

Microsoft may have missed out on mobile but CEO Satya Nadella says his company won't make the same mistake with augmented reality and virtual reality. Speaking Monday at the opening dinner for the Wall Street Street Journal's WSJD Live conference, Microsoft's top executive said there was "no question" the company had missed its opportunity when it come to mobile. SEE ALSO: Microsoft made speech recognition software that's as accurate as humans "We clearly missed the mobile phone, there's no question," Nadella said. "Our goal now is to make sure we grow new categories." Chief among those new categories are augmented and virtual reality, both of which the CEO says he sees as big opportunities for future growth.