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Motorola Posts Unexpected Profit, to Launch 20 Smartphones |
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Motorola Posts Unexpected Profit, to Launch 20 Smartphones
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By Allen Tsai | Mon Nov 02, 2009 1:51 am |
Struggling handset maker Motorola posted an unexpected quarterly profit as losses narrowed, adding that it plans to launch more than 20 new smartphones in 2010, most of them running Google's Android software.
The Schaumburg, Ill.-based company earned $12 million compared with a loss of $397 million in the same quarter a year ago. But sales continued to drop after months of heavy losses and shrinking market share.It also posted a fall of 27 percent in revenue -- to $5.4 billion from $7.5 billion a year ago -- and shipped 13.6 million phones in the third quarter, compared with 14.8 million in the second. Motorola co-CEO Sanjay Jha, hired last year from Qualcomm to turn around the company's slide, has pinned its hopes on smartphones powered by Google's Android platform -- such as the "Droid" for Verizon and "Cliq" for T-Mobile. Worldwide sales of more profitable smartphones continue to rise to as customers seek more features for their money. "Smartphone performance will drive -- almost singularly -- our financial performance in 2010," said Jha. After losing market share to rivals for more than two years, the Motorola reorganized its entire mobile business around Google's Android software.
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Tue Feb 07, 2012 2:31 pm | By
Verizon plans to sell the Motorola Droid 4, its flagship Android 4G device, on February 10 for $200 with a two-year contract.
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Fri Feb 03, 2012 1:51 pm | By
Apple won a reprieve against a German court order banning online sales of Apple's devices, but Motorola eked out a victory that may affect future patent battles.
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Mon Jan 30, 2012 1:05 pm | By
A federal judge Friday reduced the number of patents under litigation between Apple and Motorola, but the five remaining could affect not only Motorola, but the entire Android OS.
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Fri Jan 27, 2012 2:13 pm | By
Motorola posted heavy losses due to merger costs and lagging sales, and anticipates changes in strategy once Google's buyout of the company completes.
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Thu Jan 26, 2012 12:20 pm | By
Motorola filed suit against Apple, accusing it of patent infringement, the opening shot in the long-anticipated showdown with Google over the Android OS.
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More Phones: Motorola |
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Editorials & Opinion
By Janet Maragioglio
Doctors and nurses are turning to tablets and smartphones to aid their everyday work, as a new generation of medical professionals lean on gadgets to make healthcare more efficient and cost-effective.
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