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. → Read More
What a shock. I am stunned. The carrier with the coolest phones, most awesome rate plans, and best service ever, Sprint Nextel, posted a loss for Q1 of 2007. Well a company as awesome and rad as Sprint Nextel couldn’t have lost that much cash, right? Try $211 million. Sprint Nextel blames lackluster sales and the loss of high-quality subscribers for the loss. Word is that a lot of Nextel… → Read More
We all should know by now that the way a business makes money is by manufacturing a product at a low cost, then inflating the price by 200% and selling it to consumers. But Motorola doesn’t just want your money, it wants to cut costs on cheap mobile phones by $2 to $5 so that each phone they sell nets them an extra $2 to $5 per sale. Sad, but true. CEO Ed Zander has said, “We want to… → Read More
I have to admit, this news isn’t as shocking as it should be to me. Circuit City has fewer stores than Best Buy in my area and they’re always empty. The electronics retailer says it’ll be closing eight stores in the US, 62 in Canada and a distribution center in Kentucky. The move comes as Circuit City tries to reduce costs among falling profits. About 270 employees total will be… → Read More
In case you haven’t been paying attention to multiple consumer warnings about gift cards, consider this your final warning. Best Buy reported a $43 million profit for fiscal year 2006 thanks to gift cards that haven’t been used in two years. Seriously people. Wake up, smell the coffee and check your wallets. Best Buy isn’t the only retailer making a killing off unused gift cards. A… → Read More
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