Losses widen at Motorola Mobility

Losses widen at Motorola Mobility

Losses have widened at Motorola Mobility, putting pressure on the manufacturer's forthcoming launch of its Moto X flagship.

Parent company Google announced its results for the quarter ending 30 June last night and while revenues at the phone maker increased quarter on quarter from $843m to $998m, losses more than quadrupled year on year, from $49m in 2012 to $218m.

Speaking on a conference call later that evening, Google CEO Larry Page revealed he was testing its forthcoming flagship handset, the Moto X. However, he was cautious about the immediate plans for Motorola's new range of smartphones, its first since the manufacturer was bought by Google last year. He hinted about forthcoming devices that would offer 'new ways of interacting with computing'.

Chief financial officer Patrick Pichette played down fears about the spiralling losses at its phone making arm. He said the company should be judged in the longer term. He said: 'Having now kind of created this great entity under Dennis [Woodside - Motorola CEO], who has now a lean and mean [company] with 5,000 employees focused on the future and pounding away at next generation of products. So, I will leave it to the coming quarters to kind of really demonstrate the kind of new Motorola that’s showing up and you will see that in the coming weeks actually.'

Author: Graeme Neill

Written by Mobile Today
Mobile Today


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