Motorola Expects Strong Sales Growth
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Motorola Inc., the world's second-largest mobile phone maker, said on Tuesday it expects to sustain strong sales growth in the second half of 2004 thanks to new handsets with innovative designs and features.
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CHEJU, South Korea  - Samsung Electronics Co. Ltd.   005930.KS said on Thursday it sees global mobile phone sales   growing faster than expected this year while its own handset   sales would meet its target.
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Motorola Inc. rode strong sales of its 20 new cell phones to a 34 percent increase in fourth-quarter profits, capping a resurgent year under new CEO Ed Zander.
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Motorola Inc. MOT.N, the world's No.  2 maker of cell phones, on Tuesday said its quarterly profit  more than tripled, but growth in handset volumes disappointed  Wall Street and its shares fell 4.5 percent.
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Motorola Inc.  on Tuesday said quarterly earnings rose 34 percent, beating Wall Street expectations, as it regained global market share in wireless  handsets amid robust sales of a range of function-rich phones.
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By Mike Hughlett, Chicago Tribune  Sep. 20--Sure, a bar code reader lacks the "wow" appeal of a sleek cell  phone, but Motorola Inc. needs gadgets to beef up sales to business, too, not  just consumers.
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After two years of success due to the RAZR phone, sales are now slumping, but Motorola hopes that new models will fuel a recovery next year.
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Strong sales forecast, says financial officer at investment event.
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(InfoWorld) - Two days after it restructured operations, MotorolaÂ on Thursday reported that flagging sales of mobile devices were a factor in its second-quarter loss of $28 million, or $0.01 per share. The telecommunications device maker posted income of $1.38 million, or $0.55 cents a share, one year earlier. Revenue declined by 19 percent to $8.73 billion from $10.82 billion one year earlier. The drop was expected: Motorola issuedÂ preliminary financialsÂ last week, warning that its results would be lower than had been forecast. The company said Thursday that excluding one-time costs, it would have earned $0.02 per share. Analysts surveyed by Thomson Financial, who revised estimates lower after last week's warning, were forecasting break-even results on sales of $8.64 billion. Layoffs and other one-time charges were responsible for losses amounting to $0.04 per share. But the loss for the quarter underscores the company's beleaguered mobile device business, which has been outflanked by rivals including Apple. The pressure will continue. Motorola announced that it expects earnings in the third quarter to be equal to or slightly higher than the second quarter, and that its mobile devices unit will probably not be profitable this year. The company saw a drop in mobile device sales in Asia, a hot market where vendors are trying to get a big share of the market in fast growing economies, as North American and European markets become saturated with mobile phones. Motorola has taken steps to address its problems. The vendor announced Tuesday that it's restructuring into three business divisions: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. It also has a new chief of its mobile unit, Stu Reed. Motorola CEO Ed Zander has beenÂ under pressureÂ to resign. He attracted criticism from big-name investor Carl Icahn earlier this year, and recently has been attacked by activist shareholder Eric Jackson for the way he's running the company. Although Motorola has taken steps to cut costs, a core challenge for the company is product design in the competitive handset arena. ItsÂ Razr deviceÂ was praised for its design, but in a fast-paced market quickly became an also-ran, under a barrage of products from rivals that in addition to Apple include Nokia, Samsung Electronics, and LG Electronics. Despite expecting mobile phone sales to be under increasing pressure, Motorola did say that it expected its overall financial results to improve during the second half of the year. Thursday morning, Motorola shares were trading at $18.18, up $0.18 from its opening. Â
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Motorola Inc. , the world's  second biggest cellphone maker, said on Wednesday its  second-quarter earnings and revenue rose on a tax benefit and a  legal settlement as well as strong demand for its cellphones,  including its flagship Razr phone.
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Nokia said Thursday its third-quarter revenue and profits would be better than expected, citing an increase in mobile phone sales.
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With a sleek design and an even sleeker advertising campaign, Motorola Inc. is banking on its new Razr2 cell phone to pump up anemic sales and provide a rosier future after a yearlong slump punctuated by back-to-back losses.
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Motorola (MOT) said Tuesday that its quarterly profit rose on improving sales of a host of new handset models. The world&#39;s No.
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Motorola Inc. , the No. 3 worldwide maker of cell phones, on Tuesday said quarterly earnings rose, helped by robust holiday sales.
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Strong sales of its latest mobile phones help Motorola report strong profits ahead of Wall Street expectations.
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Global mobile phone sales rose by a robust 17.4 percent to nearly 271 million handsets in the second quarter, driven by dizzying sales growth of more than 40 percent in the Asia-Pacific region, according to the latest data from research firm Gartner. Moreover, Gartner now predicts that worldwide mobile phone sales will reach 1.13 billion units for the entire year.
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Motorola Inc. says it&#39;s ready to make inroads in the cell-phone market after posting a third straight strong quarter and rolling out a series of new handsets in time for the holiday selling season.