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Motorola Market Share Still Falling
Written by Philip Buonpastore
Tuesday, 11 March 2008
SCHAUMBURG, IL - Unless current market trends change quickly, Motorola may soon become the world's fourth-largest mobile phone maker.
Nokia continues to lead the market with about 40% of the market share,
and Samsung surpassed Motorola to take the second position last summer.
Sony Ericsson has recently released several new phone products, and if
Motorola's phone sales continue to decline, the company may end the
year behind its rivals.
Stuart Reed, the former mobile phone chief has resigned, a month after
CEO Greg Brown took over his duties. Brown has been under pressure from
shareholders to break up the company, and in January, Brown and the
board put the company’s mobile phone segment up for sale, while
contending that the unit is fixable and that he's looking for a new
chief in the attempt to turn things around.
Dell computer had been cited as a possible purchaser, but Dell's recent
poor earnings report indicate that the company is not in the position
for a new acquisition.
Without a new phone product to market, industry reports say Motorola's
market share decline will likely continue, and the company did not
present any new designs at two recent industry product showcase events.
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