Motorola posts a loss for the most recent quarter

Motorola posts a loss for the most recent quarter

US based mobile phone maker Motorola has posted losses for the most recent quarter. Motorola’s forecast for the upcoming quarters is also disappointing.

Market analysts have said that the company is struggling to compete against Nokia which is increasing its focus on the North American market.

Charter Equity Analyst Ed Snyder spoke on Motorola’s performance: “Profitability in phones wasn’t quite as bad as expected but there’s not a recovery in sight. Next quarter is quite a bit of a disappointment against consensus. Wall Street was expecting them to see some recovery next quarter.”

Motorola is suffering from the low profitability of their cheap phones which are popular in emerging markets like India and China. They are also criticized by the market analysts for having a stale range of mobile phone products.

They posted a first-quarter loss of $181 million, or 8 cents a share. In comparison they had posted profit of $686 million last year in the same period.