News Articles

Wednesday, May 2, 2012

Motorola Mobility quarterly results show increasing loss

The latest quarterly results from Motorola Mobility show a net loss of $86 million (£53 million), more than the previous quarter ($80m) and the same quarter in 2011 ($81m). Net revenue was $3.1 billion, a 2% increase year-on-year.

8.9 million Motorola mobile devices were shipped in the quarter, of which 5.1 million were smartphones.

Sanjay Jha, chairman and chief executive officer at Motorola Mobility, said “The introduction of RAZR MAXX marked another successful addition to the Motorola product family and contributed to our growth in smartphones. Our Home business delivered another solid quarter highlighted by improvement in year-over-year profitability. We continue to work closely with Google to complete the proposed merger during the first half of the year.”

The planned merger between Google and Motorola Mobility is still awaiting approval by the authorities in China.

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

Categories: Handsets and manufacturers, NewsNumber of views: 1357

Tags: motorola google

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

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

Archive Calendar

«February 2019»
MonTueWedThuFriSatSun
28293031123
45678910
11121314151617
18192021222324
25262728123
45678910

Archive

Terms Of Use | Privacy Statement