Motorola Mobility loses $80m in Q4 on $3.4b revenue, ships 10.5m phones
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As it prepares to be swallowed whole by Google, Motorola Mobility has come out with its Q4 and full-year 2011 numbers this afternoon. The most important figure — earnings — is in red ink territory this quarter with a loss of $80 million on revenue of $3.4 billion; in the fourth quarter of 2010, it had posted a $110 million profit.
The company's phone shipments are down, year over year: it sent out 10.5 million mobile devices overall in the quarter versus 11.3 million a year prior. In total, Moto shipped 42.4 million devices in 2011 — 18.7 million of which were smartphones. Another million were tablets, but Q4 was responsible for a dismal 200,000, so it would seem there was little or no boost... »read more
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