Cell phone news and specs cell phone news, reviews, info, and photos
Web www.cellaz.com


Subscribe to RSS feed

A lot of sold phones didn't make Motorola's profit increase


Posted: 25 Jan 2007
A lot of sold phones didn't make Motorola's profit  increase

Motorola presented its rather bad financial numbers for the fourth quarter. Although, the company did its best and they Motorola sold a record 65.7m phones in the quarter. The financial figures show a 17% surge in revenue but a 48% drop in net income. The evident reasons for this situation were tumbling handset prices. Consider that the average price for a Motorola phone was $119.

Having such a situation for the present Ed Zander, Motorola's CEO, said to have a plan to cut 3,500 jobs which save the company $400m over the next two years, also it was mentioned that the company is ramping up its 3G lineup and expects handset prices to move upward in 2007.

There are no comments for this at the moment.
You may become the first

Add comment

You are not authorised to comment. Please login to your account or quick and easy create the new one.

Cell phones reviews
Phone Search
Useful articles
Quick phone search:
Login Password
Save login info
Forgot your password?

Not registered yet?

Cell Phone News
Latest Cell Phone Reviews
Cell phone articles



NewsReviewsPhonesPhone SearchFeedsPartnersLinksContacts
  Copyright 2003-2016 Blog Media, LLC. All Rights Reserved.   Privacy Policy | Terms of Service | Site map
Text, images and all other content on this site may not be copied or republished in any way without formal permission.