Motorola Mobilty Q1 Report Released, Shipments Up But $121Million Loss On The Books
While Motorola Mobility has gained a valuable ally with its recently approved (except in China) acquisition by Google, the outlook is not all rainbows. Today they released their Q1 earning report and it was a bit of a mixed bag. The company’s revenue was up slightly to $3.1 billion but it also lost over $121 million in the same quarter. A big reason for this was the rather sobering drop in shipments of mobile devices, in Q4 of 2011 they shipped 10.5 million, the first quarter of this year Moto only managed 8.9 million.
Motorola’s CEO Sanjay Jha usually has some leaked devices to name drop or bright news but this time he was rather mum on his usual banter. With his job potentially in the air and Google attempting to put the finishing touches on its purchase of Moto Mobility, he probably thought it wise to stick to business. With Samsung recently taking over as the world’s #1 cellphone manufacturer, Moto and Google have their work cut out for them this year. In the meantime let’s hope the mobile division has a much better Q2 and with the RAZR HD coming down the pipes there are some bright spots. Now if only they were on some carriers besides Verizon…..
Source-Motorola
JKeene, AndroREV Editor
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