Motorola Q2 Results: Operating Loss Now, But Q4 Should See ProfitBy cheatmaster 05:32 Mon, 12 Jul 2021 Comments
Motorola Mobility announced their Q2 financial results - their predictions of breaking even didn’t come to pass, but net revenue went up as did the number of phone shipments. The Home segment of Motorola Mobility posted small earnings but those weren’t enough to offset the losses of the Mobile Devices department.
Mobile Devices posted $2.4 billion net revenue for Q2 of 2011, up 41% compared to the year-ago quarter. However, they also posted $85 million in operating loss for the quarter, compared to $87 million in operating profit for Q2 of 2010.
The total number of phones that Moto shipped was 11 million, 4.4 million of which were smartphones. Those numbers for Q2 of 2010 read 8.3 million phones, including 2.7 million smartphones. This Q2 Motorola also shipped 440,000 Motorola XOOM Android tablets, which is something they didn’t have back in 2010.
Motorola Mobility CEO Sanjay Jha assumed that sales in China and Latin America were strong, double what they were during last year's second quarter. He also assumed that Motorola Mobility is looking to go back into profitability in the final quarter of this year. Their expectations for Q3 of this year are to break even.
Jha also assumed that the company plans to achieve that through "differentiated LTE smartphones and tablets".
Motorola Mobility as a whole posted net revenues of $3.3 billion, up 28% year-over-year, and net loss of $56 million. It's worth noting that last year Motorola Mobility was part of a bigger Motorola company so the numbers may not be directly comparable though sales numbers are.
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