Telecom Lead America: Motorola Mobility has posted net
revenues of $3.1 billion in the first quarter of 2012, up 2 percent compared to
Q1 2011.
The marginal increase in Q1 net revenue is due to a 3
percent growth in mobile device business. Motorola Mobility’s home segment
posted 2 percent decrease in revenues.
The net loss in the first quarter of 2012 was $86 million
compared to a net loss of $81 million in the first quarter of 2011.
The weak financial performance is significant as Google
is in the process of taking over the business.
The company had operating cash outflow of $98 million in
the first quarter. Total cash at the end of the quarter was $3.5 billion and
includes cash, cash equivalents, and cash deposits.
The introduction of RAZR MAXX marked another successful
addition to the Motorola product family and contributed to our growth in
smartphones. Our home business delivered another solid quarter highlighted by
improvement in year-over-year profitability,” said Sanjay Jha, chairman and
chief executive officer, Motorola Mobility.
Mobile devices net revenues in the first quarter were
$2.2 billion, up 3 percent compared with the year-ago quarter. The operating
loss was $121 million compared to an operating loss of $89 million in the
year-ago quarter.
Motorola Mobility shipped 8.9 million mobile devices in
the first quarter, including 5.1 million smartphones.
Motorola Mobility unveils Motorola RAZR MAXX in Germany
Motorola Mobility launched RAZR MAXX, the longest-lasting
4G LTE smartphone, allowing customers to talk for over 21 hours on a single
charge, and DROID 4 by Motorola, a 4G LTE QWERTY smartphone.
The company expanded budget-friendly smartphone portfolio
in China, Europe, and Latin America with the introduction of MOTOLUXE and
Motorola DEFY MINI.
Home segment net revenues in the first quarter were $884
million, down 2 percent compared with the year-ago quarter. Operating earnings
improved to $68 million, compared to $53 million in the year-ago quarter.
Motorola Mobility has introduced Connected Home Gateway,
the industry’s first plug-and-play solution for home monitoring and control
services.
The company provided equipment and services to Asian
Broadcasting Network for launch of Malaysia’s most advanced digital cable TV
network.
Recently, it announced global distributor and integrator
agreement with Edgecast’s Content Delivery Network platform, enabling advanced
multi-screen service delivery to consumers.
editor@telecomlead.com
