“Motorola Mobility isn’t seeing much love for its current cornerstone smart phone and tablet products, Pacific Crest analyst James Faucette asserts in a research note this morning,” Eric Savitz reports for Forbes.
“Faucette says channel checks find that sell-through trends for both the Xoom tablet and the Atrix smart phone… ‘have been disappointing,'” Savitz reports. “He says the Atrix in particular has been hurt by competition from the $49 price points for the Apple 3GS and the HTC Inspire, keeping sales ‘well below forecast.'”
Savitz reports, “The Pacific Crest analyst chops his 2011 revenue forecast for the company to $12.2 billion from $13.7 billion, cutting his profit projection to 64 cents, from 94 cents. For 2012, he goes to $13.6 billion and $1.10, from $15.3 billion, and $1.73. and he warns that there could be further downside risk to both 2011 and 2012 estimates unless the company can ‘quickly adjust and refresh its product portfolio’ for the 2011 second half and beyond.”
Read more in the full article here.
MacDailyNews Take: The market for pretend iPads and fake iPhones is tough, not to mention shameless and sleazy.
Fewer insipid, impact-free Super Bowl commercials and
moreat least some innovation, Sanjay. You know, before you’re next. 😉
[Thanks to MacDailyNews Reader “Brawndo Drinker” for the heads up.]
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