Motorola Mobility: RAZR carried Q4
Summary: CEO Sanjay Jha said the company saw a "very positive consumer response to Motorola RAZR."
Motorola Mobility's RAZR helped boost the company's smartphone shipments and led to a better-than-expected fourth quarter.
The company, set to merge with Google in upcoming weeks, reported a net loss of $80 million, or 27 cents a share, on revenue of $3.4 billion. Non-GAAP earnings, which exclude various charges, were 20 cents a share. That's down from 37 cents a share a year ago, but well ahead of Wall Street estimates. Wall Street was looking for a profit of 6 cents a share on revenue of $3.39 billion.
Add it up and the RAZR looks like it carried strong enough profit margins to deliver strong results on in line sales.
For 2011, Motorola Mobility lost 84 cents a share on revenue of $13.1 billion, up 14 percent from a year ago.
In a statement, CEO Sanjay Jha said the company saw a "very positive consumer response to Motorola RAZR." The company added that the $12.5 billion Google acquisition is expected to close early in 2012.
By the numbers:
- Motorola Mobility shipped 10.5 million mobile devices (5.3 million smartphones) in the fourth quarter and 42.4 million (18.7 million smartphones) for 2011.
- The company's fourth quarter mobile device revenue was $2.5 billion, up 5 percent from a year ago. Operating loss was $70 million.
- Motorola Mobility shipped 200,000 tablets in the fourth quarter. The company rolled out LTE Xyboard tablets with Verizon.
- The home unit, which is dominated by set-top boxes, reported fourth quarter revenue of $897 million, down 11 percent from a year ago. Operating income was $57 million.
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Talkback
RE: Motorola Mobility: RAZR carried Q4
How so?
And ICS is no great mobile OS either, although I do like it that my chrome bookmarks sync to my mobile device now.
The "Money" quote (pun intended)
Bingo. Handset makers like Motorola lose money on Android. That is why they won't be around much longer.
Apple has won folks. It's over.
Android won't go away it will likely change or the OEM's will adapt.
Pagan jim
RE: Motorola Mobility: RAZR carried Q4
I love it when people try to turn bad news into something good
The division is being in the red (losing money) since around 2005 and only barely managed to be even (no real earnings) ONE quarter since then.