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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.

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Author: The Fonecast
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