Credit Suisse downgrades Motorola Mobile rating to market
Source: Internet
Author: User
KeywordsMotorola inferior to
In the early hours of June 22, Sina Science and technology news, Credit Suisse downgraded Motorola Mobile's stock rating in Tuesday and warned that it was coping with increasingly fierce competition in the smartphone market. Credit Suisse downgraded the stock from "outperform" to "less than the market" and lowered its earnings forecast for fiscal year 2011 to 77 cents, cutting earnings forecasts for fiscal year 2012 to $1.45. While the smartphone market as a whole is growing strongly, Motorola Mobile is facing "competition resistance" from Android smartphone makers in the US, the brokerage said. Also, if Apple AAPL a low-cost iphone next year, the company could lose market share. "Although smartphone sales will continue to grow steadily, Motorola Mobility will benefit less from this trend," said Credit Suisse. "(in my humble opinion)
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