Mobile telephone maker Motorola today said it expects industry-wide wireless telephone handset unit sales to be at the low end of a range of 525 million to 575 million, compared with projected sales of 410 million units in 2000.
Motorola, which yesterday posted fourth-quarter profits that were in line with lower expectations, said it believes it regained some handset market share in the fourth quarter.
However, the company's handset unit will not show material improvement until the second half of 2001, when recent efforts to cut costs and bolster customer relationships take hold, Motorola said.
Motorola, which competes against Finland's Nokia Corp. and Ericsson of Sweden, said it believes its total fixed-asset expenditures will drop to $2.5 billion in 2001. It said its tax rate will be 34 per cent.
Reuters