Wednesday, May 2, 2012

Motorola Mobility releases first quarter financial results

Motorola Mobility releases first quarter financial results

Motorola Mobility just announced its first quarter financial results for 2012 and things aren't looking so well. The total revenue in this period was of $3.1 billion (out of which $2.2 billion were from mobile devices) but the company faced a net operating loss of $85 million, $24 million more than same quarter last year. Motorola managed to ship 8.9 million mobile devices, out of which 5.1 million were smartphones.
Motorola is still in the process of being acquired by Google, for which the latter paid $12.5 billion.

GSM Arena, Motorola Mobility releases first quarter financial results

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