Motorola earnings report posts $121m loss in Q1 2012

May 1, 2012
1

The numbers are in and they aren't looking good. Today Motorola Mobility announced their earnings report for Q1 of 2012 and so far they aren't off to a great start. Between the looming Google acquisition and slumps in sales things are a little shaky, but not too bad. While their overall numbers reported a decently large loss their mobile hardware and smartphone division is still doing pretty good.

Motorola announced that while they managed to sell around 5.1 million smartphones this quarter alone, not counting feature phones or tablets, they still had an overall operating loss of $121 million dollars on $3.6 billion revenue. Motorola shipped over 10.5 million devices in Q4 of 2011 but only managed 8.9 million overall in Q1 of this year, with 5.1m being smartphones as we stated above.

This is all bad news considering earlier today we reported Samsung taking the number 1 smartphone sales spot from Nokia, with Motorola no where to be seen. In the past Motorola CEO Sanjay Jha has always came out excited and usually leaks a few details on accident (or purpose) about upcoming plans or devices but this time around we didn't get such luck. Most likely because of the impending transfer of the company to Google once that finally gets wrapped up.

Regarding the Google acquisition he did mention all major powers have signed off and have gave the deal an OK, except for China - but we knew that already. Cheers to a better Q2 Motorola!

[via Motorola]


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