Motorola confirms it's working on a Google phone; company reports earnings
The comments by Jha came after Motorola reported weak 4th quarter sales, and even told analysts to lower their expectation for profits in the current three month period that ends in March. 12 million phones were sold by Motorola in the current period with 2 million of them being Android powered smartphones, the DROID and the Cliq. The former, sold by Verizon, garnered great reviews with some writing that Verizon now had a smartphone that could stand up next to the iPhone. The latter, featuring the MotoBlur UI, is sold through T-Mobile and with its social networking integration, is being positioned as a phone for the Facebook/MySpace/Twitter crowd. After excluding charges, Motorola earned 9 cents a share for the quarter, up from a 1 cent loss in the prior year. Sales declined 20% to $5.7 million. While analysts were looking for a first quarter profit of 3 cents a share, Motorola guided them down to a loss of 1 to 3 cents per share. Jha told analysts, "We are just at the beginning stage of our transition to a smartphone company."
source: TheStreet via UnwiredView