Google reports third quarter net of $2.97 billion
0. phoneArena 17 Oct 2013, 18:55 posted on
Despite a $248 million operating loss that was Motorola's contribution to then third quarter, Google reported net profits for the period of $2.97 billion; that is a 36% increase from the $2.18 billion net profit that Google scored last year. Revenue rose 12% to $14.89 billion and operating income, at $3.44 billion, showed operating margins of 23% Earnings per share rose 34% from $6.53 a share to $8.75...
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1. Shatter (Posts: 2030; Member since: 29 May 2013)
Motofailola, why did Google buy them. They are barley contributing anything to them.
2. Googler (Posts: 813; Member since: 10 Jun 2013)
Too early to say that. Motorola is releasing better phones this year than last year. I can see that pattern continuing.
6. Finalflash (Posts: 1821; Member since: 23 Jul 2013)
Yea, plus they are innovating the most in the industry right now with features like always on and specialized hardware. Hopefully that pays off for them and we see increased innovation all around. Plus they've been getting high praise for several different products. 2014 is shaping up to be Android's best year I think. Apple might even end up being super good on their next release (although they are shafting more and more recently). MS...is well MS, so no bets on those guys, even though they just pirated jacked one of the best handset makers on the planet.
7. Googler (Posts: 813; Member since: 10 Jun 2013)
I still remember negative comment after negative comment about the Moto X, but tons and tons of reviews praise it as being an outstanding phone. Users and owners love it because it's not just about a spec sheet, it's about tying it all together into a smooth handset. Motorola is finding their groove again and the future looks good. As for Android, it's found it's own. Handsets are there and Google has done a great job since ICS. I think you're right about 2014.
14. Napalm_3nema (Posts: 1191; Member since: 14 Jun 2013)
The X is a great phone. It's a shame their past practices and Samsung's huge marketing budget have marginalized it.
19. lsutigers (Posts: 748; Member since: 08 Mar 2009)
Agreed, Google is doing very well on it's own and Motorola is a good brand but it's too early to tell whether or not they will be a successful business unit of Google. The Moto X is selling well at the big 3 carriers and Moto has plans for a less expensive model of the X for emerging markets.
The big disappointment has been the Droid line at Verizon which is NOT selling well at all with stiff competition from Moto's own X, Samsung's, HTC's, Apple's and even LG's new offerings as well as the Nexus line.
3. joey_sfb (Posts: 3012; Member since: 29 Mar 2012)
i disagree. Moto is a good brand. 'We invented the mobile phone!'
11. Mxyzptlk (Posts: 3806; Member since: 21 Apr 2012)
The word good is loosely tossed around here.
15. PapaSmurf (Posts: 8736; Member since: 14 May 2012)
If it wasn't for Motorola, you wouldn't be carrying a cellphone.
17. stealthd (Posts: 972; Member since: 12 Jun 2011)
If it wasn't for Motorola someone else would have come up with it. Radio communications weren't new when the cell phone was invented.
20. cc3493 (Posts: 155; Member since: 06 Jul 2013)
and if it wasnt for apple you wouldnt be carrying a smarthphone either but that shouldnt be the point...
23. DigitalJedi_X2 (banned) (Posts: 346; Member since: 30 Jan 2012)
Uhhh... Smartphones were around long before apple jumped in the game. How did you not know this?
4. Sniggly (Posts: 7131; Member since: 05 Dec 2009)
In the last quarter Motorola and Google got a completely new manufacturing plant up and running. Hell, until the last month of the quarter Motorola didn't even really have anything to sell on the carriers. Give them a break.
10. Mxyzptlk (Posts: 3806; Member since: 21 Apr 2012)
Won't be long before it starts bleeding expenses. Manufacturing in America just to uphold a silly slogan doesn't really add anything meaningful.
16. Sniggly (Posts: 7131; Member since: 05 Dec 2009)
It adds better quality control. It adds a precedent which Google will follow up on. It adds jobs, which means it helps the economy grow. "Made in America" may not pull patriotic heartstrings in you or me, but it's a huge value add for a lot of average customers. A strong manufacturing core is needed again for the American middle class to reappear. See, if you add a factory that ships 100,000 units a week, that feeds into shipping, parts supply, local food, and human transportation. Now, let's add three or four more around the country, as Google seeks to make one/two day delivery of customized smart phones (and tablets and laptops too) to all corners of the country. Then let's add in more factories as other companies see the value customers seek paying off for Google.
If the Moto X is even moderately successful, Motorola and Google may have just saved the American economy. It may sound like hyperbole, but it's not.
22. sprockkets (Posts: 1264; Member since: 16 Jan 2012)
except when apple does it, since they are doing it with their imacs you know, right?
24. JMartin22 (Posts: 1225; Member since: 30 Apr 2013)
It's actually not that much more expensive than manufacturing the parts in China. As China's standard of living is on the raise. But you are an iDiot. So enjoy that iPhone of yours you overpaid for by a good gross of 30%.
8. woodshop20 (Posts: 459; Member since: 14 Sep 2013)
Motorola is actually improving a lot. We've seen what companies like Sony can do when they start following trends and listening to their customers.
Apple should take note. No retina display for iPad mini? They're just shooting themselves in the foot.
18. PapaSmurf (Posts: 8736; Member since: 14 May 2012)
Except patents and delivering one of the best phones at a great price.
21. xfire99 (Posts: 544; Member since: 14 Mar 2012)
Google bought Moto for its huge patents folio and not for the devices. Since Apple were suing everyone at that time include Google. With Moto patents folio, Google had a huge arsenal with patents to use and Apple wont stand a chance.
25. bloodline (Posts: 693; Member since: 01 Dec 2011)
Motorla and google have both said that their is a pipe line to clear before the good stuff can start coming.
I think its pretty obvious that if you buy failing business you don't expect it to really add value until a few years after your influence.
5. Sniggly (Posts: 7131; Member since: 05 Dec 2009)
Interesting that despite increased costs from opening an entirely new plant and only having a lineup to sell during the last month of the corner, Motorola's losses this quarter were only 15 percent higher than they were for the same quarter last year.
9. TheLolGuy (Posts: 483; Member since: 05 Mar 2013)
That's because of the massive layoffs they did to get rid of the bad apples. They're in the process of assimilating Motorola and bringing their corporate culture into the company.
Restructuring plans always take time. I'd say by the end of next year will probably be when Motorola will see stable quarterly reports again barring major screwups. I think Dennis Woodside is doing a fine job.
13. MartyK (Posts: 717; Member since: 11 Apr 2012)
Just imagine if Google just add $20.00 more on top of their already low price of Nexus Brands, and made 1 Phablet and 1 Phone...they would make a killing!!!!