Motorola CEO Confirms Android Devices for Q4
Motorola CEO Sanjay Jha revealed that the company will introduce "differentiated Android-based devices" in time for the holiday season later this year. The statement was made as part of Motorola's first quarter earnings report. The company had previously said it would introduce Android devices at some point, but not when, nor how many. For devices to be on store shelves in time for the holidays, they will need to ship in November. Motorola also reported that its handset sales for the quarter were about 14.7 million, giving Motorola 6 percent of the market for cell phones globally. The handset division lost $509 million for the quarter, which was an improvement when compared to the fourth quarter of 2008, but worse than the year-ago quarter.
Lenovo to Slash 3,200 Jobs After Motorola Sales Slide
Lenovo today said it plans to reduce its headcount by as many as 3,200, or about 10%, as it looks to reduce expenses. The company reported earnings and said sales across its various business units dropped by 9% during the quarter.
LG Says It Will Release Two Flagship Phones This Year
LG today said it will introduce two high-end smartphones during 2016 to better compete with its rivals. The company believes the new flagship models and "a more cost-competitive value chain" will help it recoup profits and marketshare throughout the year.
LG Says New V Series Phone Coming Soon
LG today reported its second quarter earnings and took the opportunity to tease a forthcoming handset. LG's mobile business increased revenues 12% from the first quarter to $2.86 billion, but "somewhat slow" sales of its G5 flagship and the associated marketing costs led the unit to a loss of $132 million.
Sprint Falls to Become No. 4 US Carrier
Sprint reported its second quarter earnings today and the numbers reveal it has fallen behind competitor T-Mobile in the total number of customers. T-Mobile, which gained a total of 2 million new customers during the second quarter, reported a total customer base on 58.9 million.