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Thursday, January 28, 2010

Motorola announces quarterly profit but mobile losses

Motorola has announced its Q4 and full-year results for 2009. Quarterly sales were $5.7 billion (£3.5 billion) - $22.0 billion for the year – and quarterly profits were $142 million, although the overall year showed a loss.

Quarterly sales in the Mobile Devices segment were $1.8 billion, down 22% year-on-year. Annual sales were also down; $7.1 billion compared to $12.1 billion in 2008. The company shipped 12 million handsets during the quarter and estimates its share of the global handset market was 3.7%.

Sanjay Jha, Motorola co-chief executive officer and CEO of Mobile Devices, said "We are pleased with the meaningful progress we made in 2009 in further improving our cost structure and strengthening the operations of the Mobile Devices business. Our first Android smartphone devices have been very well received. We look forward to broadening our handset portfolio in 2010 with the launch of at least 20 smartphone devices around the world and continued evolution of our MOTOBLUR service. With an aggressive product and brand strategy and our continued focus on operational efficiency, we are building on our momentum to further improve the financial performance of the Mobile Devices business."

[PDF figures]

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Author: The Fonecast
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