So where’s all this money coming from?
It’s being hacked off Motorola’s bottom line, pretty much, with the company reporting a whopping 33% drop in total sales in 2007 compared to 2006, and the mobile division raking in a total of $4.8 billion in the last quarter.
That’s a depressing 38 percent drop in phone sales compared to the same period last year, dragging Motorola to a loss of $388 million – compared with a profit of $341 the previous year.
Poor old Big M was clearly on much more of a high in 2006 while the RAZR range still stood tall and had a bit of prestige, but the arrival of iPhone as the fashionable person’s phone of choice seems to have hit Motorola rather hard.
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