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January 25, 2005

Motorola to release more Razr phones



Business Week breaks the news that Motorola is planning to expand the Razr series of phones - 'Now the industry is paying attention once again. Since the Razr V3 hit store shelves in November, Motorola has shipped an estimated 750,000 of the $500 phones -- three times more than Zander initially expected. And BusinessWeek has learned that the company is hard at work on a whole family of Razr-like phones in various shapes and colors -- including the Sliver, a candy-bar-shaped Razr -- to be announced later this year.

The Razr, part of what JPMorgan Chase & Co. analyst Ehud Gelblum calls “the company's best lineup of phones in recent history,” helped Motorola sail to its strongest quarter since Zander took over from former CEO Christopher B. Galvin a year ago. The company posted $654 million in earnings on record sales of $8.8 billion in the fourth quarter -- a 27% jump over the previous year's sales. For the full year, Motorola earned $1.5 billion on $31.3 billion in revenue. Says Zander: “We showed what Motorola innovation was all about.”'



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Posted by Darren at January 25, 2005 01:02 AM