Motorola sales down 38%, over a third of a billion dollars in the red Q4
By Stefan Constantinescu on Wednesday, January 23rd, 2008 at 9:02 AM PST In Motorola
The company that brought us the infamous RAZR is slowly dying and with figures like these I bet the board of trustees wishes it was 2005 again.
Mobile Devices segment sales were $4.8 billion, down 38 percent compared with the year-ago quarter. The operating loss was $388 million, compared with operating earnings of $341 million in the year-ago quarter. For the full year 2007, sales were $19.0 billion, a 33 percent decrease compared to 2006, and the segment incurred an operating loss of $1.2 billion, compared to operating earnings of $2.7 billion in 2006. During the quarter, the company shipped 40.9 million handsets.
Who is going to put them out of their misery? Motorola (NYSE: MOT) used to be the butt of all my mobile telecommunications jokes, only behind America of course, now I just feel bad for them. In related use they decided to use Qualcomm for their 3G chipsets.
