Motorola posts $291 million loss in first quarter, mobile sales fall 45 percent

[admin]

Motorola has spilled some very unappetizing beans with its first quarter results. The company missed its projected sales figure of $5.62 billion, posting $5.4 billion, $1.8 billion of which were in its handsets division. The cellphone space is where the company seems to be hurting the most -- sales were down 45 percent there -- though some projections had it faring worse than that. Overall, Moto's looking at a $291 million loss, or $0.13 a share, which, even in this economy, can't be the greatest of news.

Filed under: Cellphones

Motorola posts $291 million loss in first quarter, mobile sales fall 45 percent originally appeared on Engadget on Thu, 30 Apr 2009 10:12:00 EST. Please see our terms for use of feeds.



Read | Permalink | Email this | Comments

More...

[shantanu]

this situation of motorola is becoz of the motorola haven't release a good phone from a long period of time