It was worse for Motorola (MOT) in Q2 than even most pessimists believed.
The company sold only about 35 million handsets, down from 45 million in Q1 and almost 52 million in the quarter a year ago.
Motorola said sales in the quarter ended June 30 will be between $8.6 billion and $8.7 billion, compared with its previous forecast that sales would be about $9.4 billion. The company no longer expects that handset division to be profitable for the year.
Hard to see how it could be worse.
Douglas A. McIntyre
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