The crowd at CIBC World Markets believes that Samsung could pass Motorola (MOT) as the world’s second largest handset manufacturer behind Nokia (NOK). The bank thinks MOT’s market share could drop to just above 15% in the second quarter. It hit 22% at its peak last year.
Motorola’s new RAZR2 phone may be hurt by the ITC’s important ban on certainly Qualcomm (QCOM) chips.
It would not be surprising at the point for Motorola to revise its Q2 forecasts down as the quarter moves toward an end. There is enough bad news regarding the company’s business that it is barely staying above its 52-week low of $17.32.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
