Motorola, Samsung report latest quarterly earnings
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Breaking out mobile devices, that sector of the company reported a 20% gain in revenue to $2.4 billion. GAAP operating earnings showed a loss of $41 million while non Gaap operating earnings showed a loss of $15 million. Motorola shipped 11.6 million mobile devices in the three months ended in September with 4.8 million of those representing smartphones. Motorola Mobility Chairman and CEO Sanjay Jha said international markets helped the company achieve that 20% growth in mobile device revenue in the quarter. He added, "We are also excited about the proposed merger with Google and continue to make progress to close this transaction." Last quarter, Motorola shipped the Motorola DROID BIONIC for Verizon, an eagerly awaited dual-core, LTE enabled smartphone. This month, the company introduced the super thin Motorola DROID RAZR calling on two of its iconic brand names to generate sales of the flagship device.
Samsung overtook Apple to become the top smartphone manufacturer in the world after reporting a 44% jump in smartphone shipments from this year's second quarter to the third quarter of 2011. Profits for the smartphone division during the quarter doubled from last year to 2.5 trillion won ($2.2 billion USD). The handsets represented 60% of the tech titan's total profits, making up for losses in the company's mainstay memory chip business. While sequentially the company reported that aforementioned 44% jump in smartphone sales, year over year Samsung's smartphone shipments rose nearly 4 times to 27.8 million units. Samsung's revenue during the period was 4.25 billion won, down from 4.9 billion won last year, but up from 3.8 billion won in the second quarter.
Apple shipped 17.1 million copies of the Apple iPhone in the third quarter, a 16% drop as potential iPhone buyers waited on the sidelines until the Apple iPhone 4S was announced and launched in October. Thanks to strong sales of the Samsung Galaxy S II, the Korean based company owned 23.8% of the global smartphone market in the quarter, 9 percentage points above Apple. Things could change in the current quarter now that the Apple iPhone 4S has sold more than 4 million units since its launch.
source: Motorola, Samsung
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11 Comments
2. Sniggly posted on 28 Oct 2011, 01:54 7 1
Well, Motorola continues to hold its own. I think they'll keep doing better. They're certainly learning their lessons from past mistakes.
3. belovedson posted on 28 Oct 2011, 03:00 0 4
motorola is known for making mistakes. if you remember the razer, krazer, rokr. and all the other pieces of junk they made gosh its so hard to go back to them. anything besides the droid series seems to be crap. the moto nextels we use at work are pieces of junk.
4. juju posted on 28 Oct 2011, 07:53 3 0
Way to go Samsung, I knew there was a reason for all dem lawsuits.
5. abdane posted on 28 Oct 2011, 08:15 3 1
HELL YEAH ! :D Samsung finally overtook apple ! ^_^ i'm really happy for'em ! :D
8. roscuthiii posted on 28 Oct 2011, 11:33 0 0
And the Remix/Taco bet just gets more interesting...
9. MorePhonesThanNeeded posted on 28 Oct 2011, 12:33 1 0
"This month, the company introduced the super thin Motorola DROID RAZR calling on two of its iconic brand names to generate sales of the flagship device." What two iconic brand names is PA talking about? I only see one Razr...anyone else have a clue to what PA are alluding to as the other iconic Motorola brand names? I sure it isn't Droid, because that name sure as hell doesn't belong to Motorola...what else could it be?
We see the reason why Apple was going after Samsung so doggedly, Samsung alone is able to keep pace with Apple on a smartphone front, in terms or sheer numbers. Incredible job by the tech giants at Samsung. Great to see Motorola on the up and up, all the naysayers only talking crap about Moto, but since launching the Original Droid these guys have been steadily churning out pretty strong lineup of phones, well for Verizon top tier phones at least. Trend continues as the Razr looks to be unique yet again and carrying that Moto flavor for being tough as hell phones. Wonder how the other guys are faring?
10. mozes316 posted on 29 Oct 2011, 08:29 0 0
Droid and Razr... I don't its to claim that they own the name "Droid" but they used it and it is iconic non the less.
11. RORYREVOLUTION posted on 29 Oct 2011, 18:03 1 0
Here's what the sheep have been saying "Drrr that's just sales of shipping and not counting returns" really? I don't see any articles or reports on how the SGS2 has had a huge return rate. OH right because it doesn't, just about everyone who gets one. Unlocked or through a US carrier has loved it to death.
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