Motorola reports 84% drop in net Income

Jan 23 2008, 9:00am CST | by Luigi Lugmayr

Motorola reports a steep drop in net income in the fourth quarter.

Motorola reported a net income of $100 million, down from $623 million a year earlier.
Motorola shipped 40.9 million handsets, which is steep decline when comparing it to the 65.7 million a year earlier.
Motorola sees slowing demand for their phones and says that this might continue in the next quarter.
The problem is that Motorola somehow can not find a way to continue the tremendous success they had with the RAZR. The success of the RAZR lies not in the naming of the phones e.g. PEBL, SLVR, etc.

More details on the WSJ and in this Motorola earnings release.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.