{"id":547162,"date":"2010-04-29T11:45:04","date_gmt":"2010-04-29T15:45:04","guid":{"rendered":"tag:contentnext.com,2010-04-29:article\/419-motorola-sold-2.3-million-smartphones-in-q1"},"modified":"2010-04-29T11:45:04","modified_gmt":"2010-04-29T15:45:04","slug":"motorola-sold-2-3-million-smartphones-in-q1","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/547162","title":{"rendered":"Motorola Sold 2.3 Million Smartphones In Q1"},"content":{"rendered":"

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\n\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/p>\n

Motorola (NYSE: MOT<\/a>) sold slightly more smartphones in the first quarter, but it was the home division that helped Motorola to swing to a profit. <\/p>\n

Overall, the company reported a profit of $69 million, or 3 cents a share, on sales of $5 billion. Analysts polled by Thomson Reuters<\/a> were expecting $5.1 billion in revenue. That compares to a loss of $291 million, or 13 cents a share on revenues of $5.37 billion. <\/p>\n

Release<\/a>. Earnings Call<\/a>.<\/p>\n

However, with Motorola’s planned spin-off <\/a>aimed at being completed a year from now, it’s important to examine how the company’s two units performed separately. Sales of the mobile devices segment sales were $1.6 billion, down 9 percent compared with the year-ago quarter. The operating loss was $192 million, which marked a significant improvement compared to the operating loss of $545 million in the year-ago quarter. The home unit reported a profit of $20 million on sales of $838 million.<\/p>\n

Motorola introduced six new smartphones during the quarter, and shipped 8.5 million phones in the first quarter, of which 2.3 million were smartphones. (In the year-ago period, it shipped 14.7 million phones). In the previous quarter, Motorola shipped 12 million handsets, of which only two million were smartphones. Motorola is now the world’s eighth-largest maker of phones, down from fifth-largest in the fourth quarter.<\/p>\n

Sanjay Jha, Motorola co-chief executive officer and CEO of Mobile Devices and Home, said in a statement: “We are in a strong position to improve our share in the rapidly growing smartphone market, particularly in light of our competitive portfolio, strengthened brand and improved carrier relationships.\u201d<\/p>\n

For the current quarter, Motorola said it expects to earn 7 cents to 9 cents per share, which beats analyst projections of 3 cents per share. In early afternoon trading, Motorola’s stock increased nearly 4 percent, or 28 cents, to about $7.20 a share.\n<\/p>\n

Related<\/strong><\/p>\n