MKM: Motorola may still sell 500,000 Verizon phones in Q2 despite DROID BIONIC delay

By on May 6, 2011 at 6:13 PM
Business May 6, 2011

MKM Partners analyst Terry Kuittinen on Friday issued a note to investors reiterating a Buy rating on Motorola Mobility stock, setting the firm’s price target at $35. Kuittinen states that Motorola will likely see success with British carrier Orange, which launched Motorola’s new ATRIX smartphone ahead of upcoming competitors like the Samsung Galaxy S II and the LG Optimus 2X. The analyst also noted that the ATRIX is getting strong promotional backing elsewhere from carriers like TIM. In the U.S., Kuittinen thinks the delayed launch of Motorola’s upcoming DROID BIONIC won’t have much of an impact on the company’s sales, considering the higher pricing of 4G LTE phones like the LG Revolution, HTC ThunderBolt and Samsung DROID Charge. Motorola’s upcoming $200 DROID X2 will be a winner at Verizon Wireless, the analyst believes, and it could help Motorola sell 500,000 phones through Verizon this quarter.

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  • cvorg

    So can we hear that the Droid X2 is official please!? I don’t need 4G but I do want to have an extremely fast phone with dual coreness!

  • http://www.jmaproperties.com/ Portland Real Estate

    Still doesn’t give them a viable competitor to the iPad, but eventually someone is going to figure out how to compete with Apple in that space.

  • http://www.facebook.com/people/Eric-Kroh/509408139 Eric Kroh

    I really want the Bionic..though maybe waiting another 6 months may show some light on other technologies in smartphones

  • Anonymous

    hmm . . . devices running tegra 2 and 1gig ram are on their way to verizon (EVDO, LTE) and Spring (EVDO, WIMAX) . . . . just like the atrix . . . . .what theyll be called . .who knows . . who cares

  • Chargerman165

    Had 4, yes 4 DXs and all of them screwed up which included 2 brand new ones out of the box. Had an Incredible that worked great without a flaw. Sold it and got an Iphone and kept the DX because of size. Wife had D2 it messed up. Got replacement and it messed up the same day. Got another replacement and it worked OK for couple of weeks and it started going blank for no reason. She now has the Incredible 2 and I have the Thunderbolt along with the Iphone. Both of these phones cost me retail which isn’t cheap. I hate Motos and don’t care what they are. By the way we are not a all hard on a phone and all 3 of the HTC’s I have had work GREAT!!!

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