Motorola Posts Unexpected Profit, to Launch 20 Smartphones
Mon Nov 02, 2009 5:51 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.