Motorola’s first quarter earnings aren’t looking good, and the market’s rewarding MOT with a big fat drop (stock closed down 6.62% for the day, at a new 52-week low).
What happened? In a word, Razr. In a few words: Too much Razr, too little else.
SeekingAlpha also notes:
Zander said that the second quarter would also be “difficult.” The company cited several issues in its mobile device business, including too few 3G phones in Europe; aggressive pricing in emerging markets by rivals; and an unwillingness to match some price cuts in those markets, resulting in the loss of share.
Meanwhile, Nokia and Apple have been trading up of late. The three month comparison is not favorable for Motorola.
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