Motorola Has Its Work Cut Out for It
At face value, Motorola turned in respectable second quarter earnings: It posted revenue of $ 5.414 billion, which, although down slightly from the $ 5.497 billion realized the same period a year earlier, nonetheless beat analyst expectations of approximately $ 5.19 billion. The company also posted mobile smartphone shipments of 2.7 million units in Q2, up from 2.3 million in the first quarter. Here, though, doubts begin to set in about Motorola’s performance: Some analysts were expecting shipments of 3.1 million to 3.2 million. One firm, Reuters, had predicted 2.7 million — which Motorola delivered.
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