14 DAY TRIAL // Motorola has brought out for the public only some preliminary financial results and also promised to keep everyone up to date with the company's evolution in the near future. From the figures revealed, the company has missed the profit rates expected for this period.
Motorola might be somewhat more willing to share their financial results with the public once they will be positive. At this point, they have limited their statements to confirming the fact that the company has failed in reaching the estimated profit for the second quarter of this year.
Motorola has previously estimated that second quarter sales rates would be of USD 9.4 billion. An exact number for their results this quarter has not been provided, as the company still has to do some processing on the data. Still, they expect their results to range between USD 8.6 billion to USD 8.7 billion.
That is considerable difference between Motorola's expectations and the actual results and also a clear proof of the problems that the company is currently facing. Handsets have been sold lower than previously expected in Asia and Europe, which will not lead to a quarterly loss ranged between 2 and 4 cents per share. When compared to the expected profit of 2 cents per share, it comes clear that Motorola's evolution is actually regressing.
A shortfall was expected by many of the industry analysts and investors, but not at this scale. Since the RAZR success, Motorola has failed in bringing another phone concept to match it. The company has sold 35 to 36 million phones, compared to the projected 38 to 40 million.
Motorola will announce their final results on the 19th of July and also hold a conference call for this. They will also provide information on the company's strategy and progress at its financial analyst meeting rescheduled for September, this year.