Motorola: Get Ready for Another Grim Quarter
The Street is bracing for another grim quarter from Motorola (MOT) when the handset maker posts results on July 31.
Goldman Sachs’s Simona Jankowski this morning warned that the company is likely to miss consensus estimates for the quarter due to the continued weakness in its mobile devices business. Jankowski contends that handset unit sales likely declined again in the quarter on further market share losses; she also thinks that ASPs declined more than expected due to a more competitive environment, a less competitive product offering and a mix shift to the low end.
