Tuesday, January 25, 2011

Motorola Mobility Posts Q4 Revenue of $3.4 billion, up 21% YoY

Motorola Mobility reported Q4 2010 net revenues of $3.4 billion, up 21 percent year-over-year. The GAAP earnings in the fourth quarter of 2010 were $80 million, or .27 per share, compared to a loss of $204 million, or .69 per share, in the fourth quarter of 2009.

Mobile Devices segment net revenues in Q4 2010 were $2.4 billion, up 33 percent compared with the year-ago quarter.
The company shipped 4.9 million and 13.7 million smartphones in the quarter and full year, respectively, compared to 2.0 million in the fourth quarter and full year 2009. The company shipped total handsets (including smartphones) of 11.3 million and 37.3 million in the quarter and full year 2010, respectively.

"The improvement in our financial results last year, including profitability in the fourth quarter, is indicative of the progress we have made in delivering innovative smartphones and improving the Mobile Devices business," said Sanjay Jha, chairman and chief executive officer of Motorola Mobility. "Our Home business performed well and remains a premier provider of digital set-tops and end-to-end video solutions. With the global opportunities ahead, along with our diversified portfolio, our brand, and our people, we are well positioned to grow, and further improve our financial results in 2011."http://www.motorola.com/Consumers/US-EN/Home

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