Motorola has announced that it will meet or better its Q2 guidance, and has confirmed that it is expects a profitable Q3. The second largest maker of mobile handsets made the statement after seeing growth in all its businesses.
The company is expecting to make a profit for the full year, after posting losses for the last five quarters. The cost cuts it made are beginning to benefit the company and it is also planning more cuts – the details of which will be announced at the end of June.
Rival Nokia does not share Motorola’s optimism. It is warning that Q2 sales will fall by 2% to 6%. In addition it expects sales at its key mobile phone business to grow by only 0-4%, when it had been signalling growth of 10% in April.