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Sunday, May 1, 2011

Motorola Mobility reports first quarter results

Motorola Mobility Holdings has released its first quarter results for 2011. Revenue was up 22% year-on-year to $3.0 billion (around £1.8 billion), with the mobile devices part of the business generating $2.1 billion. It's still losing money but overall losses were down.

The company shipped 9.3 million mobile devices during the three month period, including 4.1 million smartphones and more than 250,000 XOOM tablets. In the first quarter of 2010, Motorola had shipped 8.5 million mobile devices including 2.3 million smartphones.

Sanjay Jha, chairman and chief executive officer of Motorola Mobility, said “In the first quarter, we reached a major milestone in our history by becoming a new independent, public company.  We enhanced our product portfolio by delivering compelling experiences with the launch of Motorola ATRIX and Motorola XOOM, as well as offering unique end-to-end video solutions for the home. With a well-recognized brand, a strong balance sheet and industry leading intellectual property, we have the right assets to deliver an exciting pipeline of products, continue to grow our business and further improve our financial results.”

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Author: The Fonecast
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