Moto posting Profit in Q1
This morning Motorola (NYSE: MOT) released their first quarter financials. Motorola is a huge player in the commercial sector for two way radios, and other types communication devices. In the early 2000's they also had great success with mobile phones. Phones like the V-Series and the RAZR, due to lack of innovation Motorola lost profit and market share. With the launch of the Moto Droid a.k.a. (Milestone) their are now reeping the fruits of their progress. If they want to increase there market share even further they still need to do more innovation and manufacture products that people want.
Financial Highlights
- First-quarter sales of $5.0 billion
- First-quarter GAAP earnings of .03 per share, compared to a loss from continuing operations of .13 per share in first quarter 2009; first-quarter 2010 GAAP earnings include income of .01 per share from highlighted items
- Total cash* of $8.5 billion, a sequential increase of $455 million
- Enterprise Mobility Solutions sales of $1.7 billion; operating earnings of $141 million
- Mobile Devices sales of $1.6 billion; shipped 8.5 million handsets, including 2.3 million smartphones; operating loss of $192 million
- Networks sales of $896 million; operating earnings of $112 million
- Home sales of $838 million; operating earnings of $20 million
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I hope saltydawg is reading this, haha, Motorola losing $ in handset sales, and HTC blowing 1st quarter sales numbers out the water, LOL.
P-slim, it clearly says Motorola sold 2.3 million smartphones in the first quarter, and brought in $1.6 billion in revenue from their mobile division alone.
HTC had $1.2 billion in total revenue in the 1st quarter:
http://www.engadget.com/2010/04/06/htc-beats-earnings-estimates-in-the-first-quarter-cites-awesome/
So please, get your facts straight before you get into this with me again. Motorola could buy HTC right now if they wanted to.
p-slim just got slapped via the internet
SaltyDawg, why are you even debating with someone who is obviously mathematically challenged. Plus, contrary to most people I think HTC phones are pretty bad. They just have poor performance. Will not buy another HTC phone if there other quality phone manufacturers with the same mobile OS.