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Motorola (MOT) Hits New Low As Nokia (NOK) Near 100 Million Unit Quarter
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Motorola (MOT) hit a new 52-week low today. And, at $16.73, it is no wonder. Nokia (NOK), the US company’s larger rival, is expected to say that it sold nearly 100 million handsets last quarter, well over twice what Motorola sold. According to MarketWatch, Nokia’s global market share could hit 39% for the quarter.
Word out of Korea is that Samsung, which is neck-and-neck with Motorola for second place in global handsets sales is reorganizing its business with the intention of " finding new sources of revenue, realigning businesses, cutting costs", according to Dow Jones Newswires.
Sounds like the industry is kicking Motorola while it is down.
Douglas A. McIntyre
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