China Daily/January 5, 2009
US mobile phone producer Motorola, once dominant in the world cell phone market, is fighting for survival as China prepares to launch its third-generation (3G) mobile communication network.
“We’re venturing a bet on the Chinese market,” said Bruce Brada, senior vice-president of Motorola.
The current No 3 world mobile phone maker lost its top position to Nokia in 1998 and now only captures about 8 percent of the world cell phone market. It suffered a net loss of $397 million in the third quarter of 2008, in contrast to its net profit of $4 million as of June the same year…
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