Printed from http://www.electronista.com

Motorola posts $86m Q1 loss, despite rise in revenue

updated 07:00 pm EDT, Tue May 1, 2012

Device shipments down to 8.9 million

Motorola Mobility has posted its first-quarter financial disclosures, pointing to an $86 million loss despite a slight uptick in revenue. The numbers compare to a $80 million loss in the previous quarter, and an $81 million loss for the same quarter last year.

The company notes that it has sold 8.9 million mobile devices through the quarter, including 5.1 million smartphones, though an exact breakdown has yet to be disclosed. The Razr Maxx launch is described as "another successful addition," while the company's home segment, which includes home monitoring devices and entertainment equipment, brought improved profitability of $68 million.

The lackluster results come on the heels of significant layoffs, which have effected hundreds of staffers in the recent quarter. The company late last year announced that 800 jobs would be slashed, eventually producing a savings but initially costing more than $30 million in severance compensation and other payments.

The cellphone maker noted that it still expects Google's proposed acquisition to be closed within the first half of the year. The $12.5 billion deal will allow Google to take over Motorola Mobility's mobile device business, though recent reports suggest the search giant plans to divest the set-top box segment.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Samsung Galaxy S6 Edge

The Samsung Galaxy S6 range is a critical component in Samsung's flagging smartphone strategy. With sales of its high-end smartphones ...

Notti smart lamp from Witti

Perhaps you've already seen our review of the Dotti LED display from Witti Design. Meet Notti, Dotti's "sibling". Notti is a softball ...

Seagate Personal Cloud (2-Bay)

When it comes to backing up files, many users are now looking to the myriad of cloud storage solutions available. There is no doubt th ...

Advertisement

toggle

Most Commented

 
toggle

Popular News