Motorola Posts Q4’10 Numbers, Fears Verizon’s iPhone Will Cut Into Q1’11 Profit
Motorola Mobility has just posted their numbers from Q4 2010 and for the entirety of 2010. Revenues were up 21% year-on-year with the newly-formed company earning $3.4 billion, while net revenue grew 33% to $2.4 billion.
They shipped nearly 14 million smartphones last year, but don’t let their booming Android business fool you – their feature phones are still making up a vast majority of their device shipments at 37.3 million.
They’re looking to ship even more smartphones in 2011, of course, but they anticipate getting off to a slow start thanks to Verizon’s new partnership with Apple in selling the iPhone 4.
They don’t expect to turn profit with losses projected anywhere between $26 million and $62 million. Head over to Motorola’s site for the full breakdown. PS: The old logo is awesome. We’ll never let it die!