Motorola Expects to Turn a Loss This Year |
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 Although Motorola did very well with the ubiquitous RAZR and highly applauded Q Smartphone, the company does not expect its mobile device business to turn a profit this year. The company has just announced its preliminary Q2 2007 financial results and let's just say that the numbers are less than peachy.
Based on these initial financial results, Motorola expects Q2 sales to be in the $8.6 billion to $8.7 billion range, but that's not enough for them to be in the black. Instead, the expected second quarter GAAP loss per share from continuing operations will be somewhere between $(0.02) and $(0.04). Those parentheses mean negative, in case you didn't know.
It may appear to be a fairly minor loss, but they're in the business of making money, not losing it. ANY loss is fairly considerable and they're attributing this lack of success to "lower overall unit volumes in the Mobile Devices business in Asia and Europe."
Via slashphone.com
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