Motorola Mobility sees Q3 revenues rise 9.5% to £2.02bn

Motorola Mobility sees Q3 revenues rise 9.5% to £2.02bn

Motorola Mobility Holdings has reported a 9.5% third quarter revenue increase, despite shipping fewer smartphones than expected.

Motorola, which has agreed to be bought by Google, said it sold 4.8 million smartphones in the quarter.

The company’s revenue rose to $3.26bn (£2.02bn) from $2.95bn (£1.83bn). Selling, general and administrative expenses fell to $426m (£264m) from $456m (£283m) compared to the same quarter a year ago.

Chief executive Sanjay Jha said in a statement that the company still hopes to complete the Google deal in late 2011 or early 2012. Both companies have received requests for additional information from U.S. antitrust regulators reviewing the deal, which was announced on 15 August.

Jha said international sales were strong. About 48% of its third quarter mobile device revenue came from the US and Europe region, up from 43% in the second quarter.

Its next biggest markets were Latin America and China. Motorola uses Google's Android software in its smartphones.

Overall, Motorola Mobility reported a net loss of $32m (£20m), compared with a loss of $34m (£21m) in the same period last year before Motorola Mobility became an independent company.

Including less advanced phones and tablets, the company said total mobile device shipments were 11.6 million. It shipped about 100,000 XOOM tablets.

Motorola recently unveiled its new ‘impossibly’ thin RAZR smartphone. The company’s VP and UK general manager of mobile devices, Andrew Morley, told Mobile that the launch is a vital part of the manufacturer’s battle to resurrect its fortunes in the mobile phone market. 

Joe Fernandez

Written by Mobile Today
Mobile Today

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