Motorola reported a 27% year-on-year fall in sales to 5.45 billion US dollars in the third quarter as mobile device revenues plummeted 46% to just 1.69 billion dollars, making it now the smallest of the company's three divisions in terms of revenue.
Motorola, which shipped 13.6 million handsets in the quarter, estimated its global handset market share at just under 5%. Still, the U.S. company said it has launched two new smartphones in time for the peak holiday season and Sanjay Jha, co-CEO of Motorola, said: "Next year, we will continue to expand our smartphone portfolio and deliver improved financial results.” source: Motorola statement
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