Motorola has presented the 2007 4Q results, and the situation of the third mobile phone manufacturer is getting worse day by day. Motorola results have drop 83% in 4Q. On his behalf, Motorola Mobile division have dropped from a 23% market share to a 13% by the end of 2007.
Motorola Mobile lost $388 million, shipping 40.9 million handsets during the fourth quarter. Motorola shares dropped $1.97, about 16% of its value. Overall company sales fell to $9.65 billion from $11.79 billion from a year ago.
Very bad news. Dramatic, in my opinion.
Via Mobile Crunch
