It seems that the Motorola Xoom is not doing so well in sales, if we’re to consider the recent cut in Motorola Mobility stock, from $38 to $33. This was done by RBC Capital Markets analyst Mark Sue, who cut the price target for stocks on account on the slow sales of Moto’s Honeycomb slate.
The US company was already aware that the first quarter was going to be tough, ever since it reported the Q4 2010 plus full year earnings in January. Even with the predictions that things won’t work out, sales were still estimated too high… Estimates have gone down to 9.2 million from 9.9 million, as far as sold units are concerned.
The same Mark Sue cut $100 million from the first quarter revenue forecast, now reaching $3 billion, with Q2 having an predicted total of 10.5 million devices sold. This only includes 300,000 Motorola Xoom tables, down from the previous 400,000 unit estimations…
