Home Home

Motorola Gets Flattened (Q3 2006 Earnings)

October 17, 2006 in Wireless Industry News

Motorola announced earnings yesterday, and as you may have gathered from the title, the news was not positive. The company reported a steep 45% drop in profit from last year, which CEO Ed Zander blamed on weak sales of Motorola’s iDEN Sprint/Nextel phones.

Motorola dropped the ball.

Motorola’s Q3 earnings: it ain’t pretty.

Shipments of wireless phones was a record 53.7 million units, but only added 17% to the company’s revenues. Motorola did, however, manage to gain 0.3% market share in the third quarter.

Most analysts were expecting much higher numbers, both in terms of profit and revenues. Sadly, for holders of Motorola stock, the share price has since fallen nearly 6%.

The big question on everyone’s minds is: how does this relate to industry giant Nokia’s earnings call for tomorrow, coming on the heels of Sony Ericsson’s blowout quarter, and the news that one of Nokia’s suppliers announced weaker than expected profits?

***

Got Something To Say?


nokia phone blog: version 5

Subscribe!The Nokia Phone Blog is about mobile phones, MeeGo, S60, the wireless industry, and now Windows Phone.
Subscribe here.  RSS, Atom
Email me at cary (at) nokiaphoneblog.com.

The Blog

28

Featured


142

Mobile Phone Software


152

Nokia Phone Accessories


134

Nokia Phone Deals


303

Nokia Phone News


122

Nokia Phone Previews


50

Nokia Phone Reviews


21

Nokia Phone Tips and Tricks


63

Nokia Randomness


20

Other Mobile Phones


351

Wireless Industry News


Current Phone Prices, Courtesy of PhoneMatchUp!

PhoneMatchup Sony Xperia TX: $516.77
Samsung Galaxy Note II N7100: $639.00
HTC J: $598.88
Sony Xperia SL: $388.85
Nokia Lumia 900: $419.98

More Sites By Me

randomlygifted

angbox


My personal blog.
 
PhoneMatchup

PhoneMatchup


An eBay cell phone comparison shopping/price monitoring project. Buy your next cell phone through PhoneMatchup and save!
 
randomlygifted

randomlygifted


Let randomlygifted find you the perfect (random) gift ideas.
 
MyDealSpy

MyDealSpy


The greatest deal aggregator that has ever existed. Okay, I'm a little biased here.