Motorola Reports 55% Decline in Fourth-Quarter Profits
21 January, 2007 Posted by
SolSie As
Windows Mobile
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The worlds #2 manufacturer of mobile phones, Motorola Inc., has announced a sharp drop in fourth-quarter profit, due to stiff competition the a resulting decline in phone prices.
The main reason for the shortfall, according to Motorola executives, was competitive discounts being given on the RAZR and other handsets.
Some restructure efforts are underway including 3500 layoffs or 5% of workforce.
[Source Yahho! Finance]
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Windows Mobile
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