Tuesday, July 18, 2006

Motorola Posts Sales of $10.88 billion, up 29& YoY

Motorola reported record quarterly sales of $10.88 billion, up 29 percent compared to second-quarter 2005 sales of $8.41 billion. Earnings were $.55 per share, versus earnings of $.37 per share in the year-ago quarter. Some highlights:

  • Handset shipments reached a record 51.9 million units. Motorola now claims 22 percent of the global handset market.

  • Launched 11 new handsets: 5 for GSM networks, 4 for CDMA and 2 for iDEN. Notably, shipments for iDEN handsets posted a record Q2 performance.

  • Shipped a record 2.4 million digital entertainment set-top devices, including approximately 680,000 with digital video recorders (DVR).

  • Shipped a record 900,000 voice-enabled modems

  • Q3 sales are forecast to be between $10.9 billion and $11.1 billion, an increase of 20 to 23 percent versus the prior-year quarter, driven primarily by continuing momentum in the company's Mobile Devices business.

See also