• Bloops! Motorola loses $3.6 billion

    Tuesday, February 3rd, 2009

    Biggs is the East Cost Editor of TechCrunch. Biggs has written for the New York Times, InSync, USA Weekend, Popular Mechanics, Popular Science, Money and a number of other outlets on technology and wristwatches. He is the former editor-in-chief of Gizmodo.com and lives in Bay Ridge, Brooklyn. You can Tweet him here and G+ him here. Email him directly at... → Learn More

    motorola-v190-g
    Motorola lost $3.6 billion last quarter with revnue of $7.14 billion, 26 percent down from the same time last year. The biggest decline was in mobile phones with a 51 percent decline in revenue.

    Motorola hasn’t had a hit in years. The company, it seems, is still spinning its wheels and generally churning out as much as it can as quickly as it can, ignoring its the current competitive market.

    While it’s not unusual to see losses like these this quarter it’s abundantly clear that something needs to change over at Motorola if they are even going to stay in the game. While the rest of their business is doing comparatively fine, a 50 percent drop in business along with little, if anything, in terms of cellphones in stores or in the pipeline is quite disconcerting.

    Sponsored Ads

    blog comments powered by Disqus

    Sponsored Ads

    Sponsored Ads

    Upcoming Events

    Disrupt SF 2012

    San Francisco, CA