10/29/2010 11:48:00 AM
Motorola makes a profit for first time in three years
Handset manufacturer, Motorola has reported a profit for the first time in three years, its Q3 results have revealed.
Motorola has also seen a six percent year on year increase in sales in its Q3 results.
Sales increased from $5.4 billion to $5.8 billion (£3.6 billion) and its net income reached $108 million (£68 million).
During the last quarter Motorola sold 3.8 million smartphones and mobile device sales increased from by 20% year on year to $2 billion ($1.2 billion). The manufacturer shipped a total of 9.1 billion handsets during the quarter.
Motorola Mobility CEO Sanjay Jha said: ‘In the third quarter, Motorola Mobility showed positive momentum across the business, with mobile devices reaching profitability for the first time in over three years.’
The manufacturer has released 22 handsets over the past year with the majority being built for the Android platform and strong sales coming from America.
The Motorola Defy is currently being heavily marketed in the UK.
Motorola will split into separate companies next year. The handset division of the company will become Motorola Mobility and the division providing services to corporate customers and governments will be called Motorola Solutions.