Motorola Earnings Disappoint

By: Christopher Meinck

April 24, 2008

Motorola today announced financial results for their first quarter with shrinking market share and dismal cellphone sales.

Motorola reported a 39% drop in handset sales to 27.4 million units. Mobile devices accounted for losses of $418 million on sales of $3.3 billion. Earlier this month, the company decided to split into two companies, essentially jetisoning the unprofitable mobile phone unit. "During the first quarter, we made an important strategic decision to separate the company, creating two independent, publicly traded entities," said CEO Greg Brown. "Improving the product portfolio in mobile devices and positioning both businesses for future success remains a top priority." The report also issued a prediction for second quarter sales. Shares dropped 3.4% this afternoon on the news.

Set as favorite

Bookmark

Email This

Comments (2) add comment

Subscribe to this comment's feed

andrew.glendening said:

Does this really surprise anyone? I know everyone visiting this forum will be pissed at this next comment but, the Motorola Q is an awful phone. It's sluggish (wm6 is partially, but not fully to blame), buggy and completely difficult (just scroll through the forum topics). What it offers in features, it demolishes in reliability. I personally give it a 1/10 in terms of what a smartphone should be, the irony is, it's probably a 9/10 alongside all the other equally shitty "smartphones." And the sad reality? There's really nothing better.

report abuse

vote down

vote up

April 25, 2008
Votes: +0

KOOLWATER said:

	They allowed verizon and others to dumb down a good phone and now the end result is just not impressive. And why take away features for certain providers? That was just dumb. For example Q9h - AWESOME PHONE, Q9c - Not as good as the 9h, but not bad, Q9m - SUCKS! That whole Marketing dept. needs to be kicked in the ayis and then fired.
	report abuse vote down vote up