Motorola’s Q2 profit surges six-fold

Motorola’s Q2 profit surges six-fold

Motorola has reported a six-fold increase in profit to $162m (£104m), as it issued an optimistic outlook for its handset division.

Motorola's mobile division saw revenue fall by 6% to $1.7bn (£1.08bn) dollars during the second quarter ended 30 June. The company sold 2.7 million smartphones in the quarter, up from 2.3 million during the previous quarter, and 5.6 million basic handsets.

Motorola co-chief CEO Sanjay Jha said demand has been outstripping supply for the ‘Droid X,’ one of its smartphones powered by Google's Android operating system.

 The company has been counting on Android smartphones to help turn around its fortunes after reporting successive losses.

‘As we continue to execute on our business strategy, we are in a strong position to continue improving our share in the rapidly growing smartphone market and improving our operating performance,’ Jha said.

He added that he expected to see growth in Motorola's mobile sales in the July to September quarter.

Written by Mobile Today
Mobile Today


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