Motorola Mobility has released its latest financial report for quarter one of 2012, Motorola made a loss of $86 million in quarter one of 2012, this continues on from their loss of $80 million in quarter four of 2011.
Motorola only managed to ship a total of 8.9 million devices for the quarter, which is down for 10.5 million for the last quarter of 2011, of those 8.9 million devices 5.1 million were smartphones.
Motorola Mobility Holdings, Inc. (NYSE: MMI) today reported net revenues of $3.1 billion in the first quarter of 2012, up 2 percent compared to the first quarter of 2011. The GAAP net loss in the first quarter of 2012 was $86 million, or $0.28 per share, compared to a net loss of $81 million, or $0.27 per share, in the first quarter of 2011. On a non-GAAP basis, the net loss in the first quarter 2012 was $10 million, or $0.03 per share, compared to a net loss of $25 million, or $0.08 per share, in the first quarter of 2011.
It will be interesting to see what Motorola does in the next quarter, and whether or not they will make a loss again.
Source Engadget
Filed Under: Mobile Phone News, Technology News