Motorola sells 2.7 mln smartphones in the second quarter

moto 2Q
It is Motorola's turn today to announce its quarterly results - the company earned $162mln, or 7 cents a share, compared to the $26mln the year before from its operations. Its mobile device business used to be the biggest in the world, but they somehow missed the profitable smartphone tidal wave in its first years. Motorola just sold a big chunk of its networking equipment business to Nokia, saying that it will focus on its core mobile devices and set-top boxes competencies by spinning them off in a separate department .

Now the company is playing catch up with some great hardware such as the DROID line on Verizon. Thanks to these high-margin smartphone sales Motorola managed to shrink its operating loss in the mobile department with almost 60%, to $109mln on a year-to-year basis. It would be interesting to follow up their revenue and net income in the third quarter, when sales results from the Motorola DROID X and DROID 2 will be out.

Motorola DROID X Specifications | Review
Motorola DROID 2 Specifications

source: Motorola

Recommended Stories

Loading Comments...
FCC OKs Cingular\'s purchase of AT&T Wireless