Motorola ends fiscal Q2 with healthy profit

29 July, 2010 | Comments (58) | Post your comment

Tags: Motorola, Misc

Motorola is obviously just about at the end of the tunnel as their financial results are starting to get better and better. This time around the company reported 162 million US dollars of profit, which compares very favorably to the 26 millions earned for the same period last year.

Of course what interests us the most is Motorola mobile division, which managed to push 8.7 million handsets for the past three months. Those generated 1.7 billion dollars of revenue and 87 million dollars of profit. Okay it's not like they are lighting their Cuban cigars with Benjamins in the Moto HQ, but it's certainly good enough considering their recent track record.

The bad news is that some legal statement brought them 228 million dollars that certainly added for the positive financial result and it's unlikely that such a thing will happen again next quarter. So Motorola will need to keep up the hard work and hope that by the time the mobile division gets separated it can continue to be in the black, relying on sales alone.

Releasing more devices like the Motorola Droid X, which enjoyed a great reception in the US will certainly help. And fitting some GSM radios in those might help in the rest of the world warming up towards Motorola too.

For the full report hit the source link below.

Source


 

 

Motorola ends fiscal Q2 with healthy profit - reader comments

  • Anonymous

Motorola could provide Froyo to only 2 phones in the US so far and we are already in 2011 and people are expecting Gingerbread in their phones already! Many people in other continents are angry, it appears that Motorola is shrinking outside the US! ...

  • Reply
  • 2011-01-07 01:03
  • nx6c
  • Optional

Yes, MOTOROLA ia like the fiery phoenix now coming out of the ashes,..., and yet when it comes to reporting, GSMARENA sucks! They will tell the news first with "ooohs" and "ahhhs". Then what next, they will say the negative word...

  • Reply
  • 2010-08-02 05:18
  • t7{I
  • MdN

Apparently Froyo is coming for Droid users on August 3rd. Check the news section on this page: http://phandroid.com

  • Reply
  • 2010-08-01 03:59
  • Mtrf