Motorola Posts First Growing Quarter Since 2006
Still have doubts that Motorola’s ship hasn’t turned around yet? They’ve released their third quarter results, today, and it was noted that Motorola has enjoyed its first growth quarter since Q4 of 2006. Double digit growth in revenue – 13% – saw them raking in $4.9 billion and profiting $109 million. This is compared to net profits of $12 million the same quarter in 2009 – just before the Droid was announced.
Specifically for their mobile devices unit, it was responsible for $2.0 billion in revenue, up 20% from the same quarter last year.. Of the 9.1 million handsets that were shipped, 3.8 million of those ran Android. They proudly note that they met their goal of introducing 20 Android handsets in 2010, that number now at 22. GAAP operating losses were only $43 million compared to $216 million a year ago, and non-GAAP operations saw earnings of $3 million compared to a loss of $183 million.
Motorola’s been heading in the right direction for a while, now, and this quarter only proves that their strategy is one to imitate if you need to right an expensive wrong. With an onslaught of new devices headed our way this holiday season – ranging from 1GHz powerhouses aimed at the business sector to quirky texting and social devices – we don’t expect them to slow down.
[via Motorola]