January 26, 2012 5:07pm
Motorola Mobility, on the brink of being swallowed by Google, have come out with their Q4 ’11 earnings and the results are not great. The company earned $3.4 billion in revenue and posted an $80 million loss, despite selling 10.5 million mobile devices, 5.3 million of which were smartphones. The 10.5 million target was in line with expectations.
A year ago, in Q4 2010, the company earned $110 million in profit, but were seen as slowing down. On the bright side, the Mobility Devices portion of the company increased its net revenue up 5% y/y to $2.5 billion for the quarter, and to $13.1 billion for the year. Yearly net losses stood at $249 million, an increase from $86 million a year earlier.
According to the earnings report, “The Company shipped a total of 10.5 million and 42.4 million mobile devices in the fourth quarter and full year 2011, respectively. This included 5.3 million and 18.7 million smartphones and approximately 200 thousand (200,000) and 1 million tablets in the fourth quarter and full year, respectively.”
As for Motorola’s successes? CEO Sanjay Jha says that there were some great products launched in 2011, including the Atrix and RAZR, and the proliferation of their webtop platform. On the upcoming Google merger, he said, “we remain energized by the proposed merger with Google and continue to focus on creating innovative technologies.”