News Articles

Thursday, January 26, 2012

Motorola Mobility announces annual results with overall loss

Motorola Mobility Holdings has reported its quarterly and full year results today. The company recorded an operating loss of $285 million for the year (compared to a loss of $76 million in 2010) and a loss of $70 million in the fourth quarter.

Sanjay Jha, chairman and chief executive officer of Motorola Mobility, said “In the fourth quarter, we received very positive consumer response to Motorola RAZR, which combined an iconic brand with ultra-thin in an innovative smartphone. Our Home business continues to be a leader in the industry’s transformation to all IP, with unique solutions that enable rich media experiences across any screen. We remain energized by the proposed merger with Google and continue to focus on creating innovative technologies.”

10.5 million mobile devices were shipped in Q4, resulting in a total of 42.4 million mobile devices for the year. The annual total included 18.7 million smartphones and 1 million tablets.

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Handsets and manufacturers, NewsNumber of views: 3291

Tags: motorola

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«December 2024»
MonTueWedThuFriSatSun
2526272829301
2345678
9101112131415
16171819202122
23242526272829
303112345

Archive

Terms Of Use | Privacy Statement