Motorola (MMI) Xoom Shipments to Drop in Q2
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Price: $31.17 +4.35%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.9%
Revenue Growth %: +11.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.9%
Revenue Growth %: +11.8%
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Motorola Mobility's (NYSE: MMI) orders for the Xoom tablet are expected to drop gradually each month in the second quarter, according to a report from DigiTimes on Tuesday citing upstream supplier sources.
The report showed that Xoom shipments for the first quarter are expected to meet upstream supplier forecasts of 700,000-800,000, while the company has placed orders for 200,000 units for the first half of March. The entire month of March should reach 400,000-500,000, the report stated.
However, the second quarter will see a drop to 300,000 units for April, and below this level for May.
Supply chain sources expect Xoom series shipments to reach 3.5 million units in 2011.
The report showed that Xoom shipments for the first quarter are expected to meet upstream supplier forecasts of 700,000-800,000, while the company has placed orders for 200,000 units for the first half of March. The entire month of March should reach 400,000-500,000, the report stated.
However, the second quarter will see a drop to 300,000 units for April, and below this level for May.
Supply chain sources expect Xoom series shipments to reach 3.5 million units in 2011.
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