Motorola (NYSE:MOT) the huge US phone manufacturer, who ranks number 3 on the world mobile phone market after being knocked off its top slop in 1998 by Nokia is prepared for its fight for survival in China as the country launches its third generation (3G) mobile communication network.
Motorola now only has 8 percent of the world mobile phone market, with net losses in the third quarter of 2008 of $397 million, the same period the previous year Motorola gained net profits of $4 million, highlighting the downturn the phone company is going through.
According to recruitment company Garner International, the global financial turmoil is affecting Motorola far greater than any other mobile phone manufacturer.
Motorola relies heavily on the Chinese market, with 15 percent of the Chinese mobile phone market and 10 percent of China’s smartphone market, this figure being the largest than it has in any other country.
Source: cctv
It might be a great chance for them, seen that they were the first manufacture launching 3G devices in the globe, so.. they have all the experience they need, and nowadays Motorola devices are more grown up and will satisfy the chinese market, I guess so..