By
Telecom Lead Team: Motorola Mobility has posted $13.1
billion income in 2011, showing 14 percent increase over 2010’s sale of $11.46
billion.
Its Q4 2011 income is up marginally
to $3.43 billion from $3.42 billion in Q4 2010.
For full year, Motorola Mobility
posted net loss of $249 million against net loss of $86 million in previous
year. Q4 2011 net loss was $80 million against a net profit of $80 million.
In the fourth quarter, we
received very positive consumer response to Motorola RAZR, which combined an
iconic brand with ultra-thin in an innovative smartphone. Our Home business
continues to be a leader in the industry’s transformation to all IP, with
unique solutions that enable rich media experiences across any screen,” said
Sanjay Jha, chairman and chief executive officer, Motorola Mobility.
Motorola shipped 10.5 million and
42.4 million mobile devices in Q4 and full year 2011, respectively. This
included 5.3 million and 18.7 million smartphones and approximately 200
thousand and 1 million tablets in the fourth quarter and full year,
respectively.
Mobile Devices net revenues in the fourth quarter, impacted by the
increased competitive environment, were $2.5 billion, up 5 percent compared
with the year-ago quarter. For the full year 2011, net revenues were $9.5
billion, an increase of 22 percent compared to 2010.
Home segment net revenues in Q4 were $897 million, down 11 percent
compared with the year-ago quarter. Fourth quarter set-top shipments were down
3 percent compared to the year-ago quarter. For the full year 2011, net
revenues were $3.5 billion, compared to $3.6 billion in 2010. Full year set-top
shipments were up 6 percent compared to 2010.
The company generated positive
operating cash flow of $225 million and $357 million in the fourth quarter and
full year, respectively. Total cash at the end of the quarter was $3.6 billion
and includes cash, cash equivalents, and cash deposits.
Motorola Mobility said it is hoping to
close the Google deal as expeditiously as possible, but it didn’t provide a
specific timetable. If the acquisition doesn’t go through, Google will have to
pay a $2.5 billion breakup fee.
