Motorola posts Q3 earnings, things looking pretty grim

It now came turn for Motorola to announce their financial results for Q3 of the year. While the company as a whole looks healthy enough, given the tough market conditions, the mobile division is still lagging behind, recording a loss of 183 million US dollars.

The mobile phone sales of Motorola totaled 1.7 billion US dollars, down 46 percent compared to the year-ago quarter. The loss of 183 million US dollars though surely sounds better than the 840 million loss for the same period last year or the 253 million loss in the previous quarter but is still bothersome.

The total number of shipped handsets is 13.6 million (half a million short of Sony Ericsson result), which gives Motorola a market share of 4.7 percent. The company hopes that the release of DEXT and Droid handsets will help them get better results in the last quarter of the year.

Luckily for Motorola the other divisions performed much better bringing a consolidated profit of 12 million US dollars to the company. Tiny as this might be for a company like Moto, it is way better than the 397 million loss for the same period last year.

There's even more bad news for the Motorola mobile phones division. Apparently the company is pretty keen about the idea of separation into two independent public companies. We can easily see that as the end of what used to be the world's largest manufacturer.

You can find more details about the financial condition of Motorola over here.