Motorola has announced that third-quarter net income plunged 93.8% to $60m on revenue that fell 16.9% to $8.8bn. However, it was an operating loss of $248m on mobile devices after sales fell 36% to $4.49bn that dominated the figures.
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With a sleek design and an even sleeker advertising campaign, Motorola Inc. is banking on its new RAZR2 cell phone to pump up anemic sales and provide a rosier future after a yearlong slump punctuated by back-to-back losses.
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Oct. 25 (Bloomberg) — Motorola Inc., the largest U.S. maker of mobile phones, posted its first profit in three quarters and gave a forecast that surpassed analysts’ estimates after eliminating more than 5,000 jobs and unveiling a new version of the RAZR phone.
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Its market share figures have dropped to No. 3 worldwide, its stock has plummeted 20 percent since last fall, a Facebook group calls itself “My Motorola makes a better coaster than a phone,” which leaves the American cell phone manufacturer …
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Shares of Motorola Inc. rose Friday morning, despite the cell phone maker’s 93 percent drop in third-quarter profit, as analyst said improved handset margins, among other factors, will aid growth.
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Cutting… er… edge? Review To say it’s been difficult for Motorola to follow up the massive hit of the RAZR V3 with something better is an understatement. Since its release to the sounds of jaws dropping in mid-2004, the Razr has gone from high-end must-have to mass-market. Now comes the Razr 2 V8, billed as the next-gen V3. So does it offer more than just another face-lift?…
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Motorola Inc.’s third-quarter earnings plummeted 94 percent but the cell-phone company still managed to impress Wall Street with its progress, improving from its dismal first-half performance and serving notice its turnaround effort may be taking hold.
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Oct. 24 (Bloomberg) — Motorola Inc. Chief Executive Officer Ed Zander may have bought more time for a turnaround after firing 10 percent of his workforce and introducing a successor to the RAZR handset.
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