Motorola Posts Net Loss For Q4 And For The Full Year 2011By cheatmaster 07:43 Tue, 13 Jul 2021 Comments
Let's start with the financial side of things first. Motorola Mobility reported net revenues of $3.4 billion in the fourth quarter of 2011 and a net loss of $80 million (compared to a net earnings of $80 for the previous year's Q4). The mobile phone department accounts for $2.5 billion of the revenues (up 5% year on year) and an operating loss of $70 million.
For the full 2011, Moto had revenues of $13.1 billion (up 14% compared to 2010) and a net loss of $249 million (in 2010, the net loss was $86 million). The mobile department is responsible for an operating loss of $285 million (compared to an operating loss of $76 million in 2010).
Motorola shipped 10.5 million phones during the three months period, 5.3 million of which were smartphones. There were also 200,000 tablets shipped during the quarter. Over the whole year, the numbers are 42.4 million phones in total, of which 18.7 million were smartphones, plus 1 million tablets. That's an improvement over 2010, when they shipped 37.3 million phones.
As for the Home segment of Motorola mobility, their net revenues for the full year were down to $3.5 billion in 2011 (in 2010 they were $3.6 billion) but it brought in operating earnings of $226 million (vs. operating earnings of $152 million in 2010).
The merger proceedings are going forward, Motorola and Google have already received clearances from Russia and Turkey. The two companies are still waiting for the okay from the US, Canada, China and the European commission.
Hit the source link if you need a more detailed breakdown on Motorola Mobility's financial performance.
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