Mounting losses forcing Motorola move away from mobile phone business
Motorola mobile phones will soon be missing from the shelves of mobile phone stores. Shocking as the news might sound, the company has admitted possibilities of winding up its mobile phone business in the face of mounting losses. In a statement from the company on Thursday, it has been stated that the company was looking for ‘structural and strategic realignment of its business.
Motorola has been trailing behind industry leaders Nokia and Samsung and has encountered huge losses in its mobile phone sector. The company instead hopes to concentrate on its core business that includes radio, wireless communication and consumer electronics. Despite Motorola’s sleek designs, the mobile phones have been criticized for not catering to the multimedia functionality of the high-end American and European users. In developing countries, it could not compete with the cheap devices especially from the Chinese manufacturers.
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Tags: game, cameras, gear, video games
