Motorola plans further cost cutting after 45% slump in handset sales revenues

Motorola plans further cost cutting after 45% slump in handset sales revenues

 

Motorola has reported a 45% drop in handset sales revenues to $1.8bn, and has announced plans for further cost cutting. The manufacturer reported its results for the quarter ended 31 March today (30 April).

 

The company posted a loss of $231 million compared with a loss of $194 million in the same quarter a year ago. It has now boosted its full-year cost-savings target by $200m to $1.7bn

Revenue fell to $5.37 billion from $7.45 billion. The manufacturer sold 14.7 million phones in the quarter, down from 27.4 million a year ago.

 

Written by Mobile Today
Mobile Today

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