Another Dismal Quarter For Motorola Mobility, Reported $121 Million Loss In Q1, 2012

Must Read

The Growth of OTT: Blip in the Radar Or a Real Threat to Traditional TV?

People are attached to their smartphones way more than they're to any other gadget. In fact, the average person...

Are You A Gaming Geek: ‘Five Commandments’ Before You Buy Video Games Online !

Does your day start with joysticks instead of coffee mugs? Or as a kid your best friends were the...

Top Softwares for Business in 2021 That Every Startup Entrepreneur Must Use

In the conditions of the global pandemic and economic crisis, small and medium-sized businesses face different problems and do...

Motorola Mobility has reportedly released its Q1, 2012 earnings and it’s clear from  the report that the company has almost doubled its Smartphone shipments during the quarter. Despite of this, the company has reported $121 million loss in its mobile unit in Q1 of fiscal 2012. The company’s acquisition by Google for $12.5 billion is on the way to have legal approval across the world. On the GAAP basis, the handset and cable box business of the company posted $86 million loss for the Quarter.

Motorola Mobility has reported to ship 8.9 million mobile devices in Q1 of this year, including 5.1 million Smartphone, while it shipped 6.2 million mobile phones and 2.3 million Smartphones in the same quarter a year back. In spite of increasing Smartphone demand in Q1 of 2012, the company could not manage to avoid $86 million losses on revenue of $3.1 billion. The company reiterated the pending approval of its acquisition by Google might be settled in the second half of the year, however, it has been approved in the US and Europe. There’s still some hurdle to get approval in the China.

However, the home segment of the company endeavored to recoup some of those losses, accounted $15 million more profit for the quarter compare to the same quarter a year back. Company’s mobile Phone unit reported $24 million more loss in the Q1 2012 compare to the same quarter in the prior year. The merger related costs such as banking and legal fees accounted for about 21.5% of the company’s losses in Q1 of this year.

Advertisements

Anyway, Motorola Mobility’s performance is deteriorating quarter-over-quarter. Indeed, an acquisition of the company by Google might recoup the business of its main sector (mobile unit).

via: The Verge

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Apple AirTag: An Effective Tool For Thieves To Steal Cars

Thieves have left no stone unturned to make the most of every new technology invented. No matter how hard...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded and unparalleled...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter, with a...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one of the...

More Articles Like This