“Motorola sold a total of 8.5 million phones in the quarter, while Apple sold 8.8 million iPhones,” Svensson reports. “Four years ago, when the Razr was still popular, Motorola sold 46.1 million phones in the first quarter.”
“The Schaumburg, Ill., company has been trying to turn around that long slide in phone sales by focusing on new smart phones, including the Droid,” Svensson reports. “That strategy is bearing fruit, but too slowly to compensate for the drop in overall phone sales. Motorola sold 2.3 million smart phones in the first three months of the year.”
Svennsson reports, “As a whole, Motorola earned $69 million, or 3 cents per share in the quarter… Revenue fell 6.1 percent to $5.04 billion. Analysts polled by Thomson Reuters were expecting $5.1 billion in revenue.”
Full article here.
MacDailyNews Take: iDon’t sell enough phones to lead the market anymore.
[Thanks to MacDailyNews Reader “Dominic P.” for the heads up.]