The Bottom Line
Motorola reported an 84 percent drop in quarterly profits, to $100 million, as a stale product line prompted phone buyers to flock to Apple and Samsung.
Motorola, the largest U.S. cellphone maker, reported an 84 percent drop in quarterly profits, to $100 million, as a stale product line prompted phone buyers to flock to Apple and Samsung. “People want touch screens and full keyboards,” said Morgan Keegan analyst Tavis McCourt, “and Motorola’s challenge over the next year or two is to really reinvent their product lineup.” (Bloomberg)
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