Analyst Predicts Motorola Will Still Sell 500,000 Verizon Phones Despite Bionic Delay
Terry Kuittinen, a financial analyst for MKM Partners, issued a "buy" stock recommendation for Motorola on Friday. In his analysis, he does not believe the delay of the Droid Bionic will affect Motorola's sales much this year. Part of his analysis rests on the fact that British carrier Orange, recently launched Motorola’s new ATRIX smartphone ahead of upcoming competition like the Samsung Galaxy S II and the LG Optimus 2X. He further added that in the U.S. he feels that because of the higher pricing of 4G LTE phones like the LG Revolution, HTC ThunderBolt and Samsung DROID Charge, Motorola will see enhanced success with their upcoming $200 dollar Droid X2 with Verizon. He predicts that it will help Motorola sell 500,000 phones this quarter.
Hmmm... I don't think anyone informed him that you can get the HTC TBolt for a lot cheaper than that. What do you guys think of his analysis? Maybe he should frequent DroidForums more often... ;)