With Google's planned acquisition still yet to be signed off, Motorola Mobility's Q1 2012 results paint a picture of a company still in transition.
Smartphone shipments were up across the quarter, hitting 5.1 million units in total. That's up from 4.1 million units during the same period in 2011, though mobile shipments as a whole fell by more than 4 percent to 8.9 million units.
Higher smartphone retail prices nonetheless saw revenues rise by 2 percent to $3.1 billion across the quarter.
Mobile devices alone accounted for $2.2 billion of that up from $2.1 billion in Q1 2011- though neither success could prevent the company from posting an overall loss.
Going down
Using GAAP figures, Motorola Mobility recorded a loss of $86 million across the quarter, up from $81 billion during the same period in 2011.
Non-GAAP figures which some believe delivers a more accurate record of a company's performance, disregarding some of the accounting principles enforced by GAAP suggested the company is fairing a little better, with the loss coming in at $10 million.
That's significantly better than the $61 million non-GAAP loss recorded in Q1 2011.
"The introduction of RAZR MAXX marked another successful addition to the Motorola product family and contributed to our growth in smartphones," said chairman and CEO Sanjay Jha of the quarter.
"Our home business delivered another solid quarter highlighted by improvement in year-over-year profitability. We continue to work closely with Google to complete the proposed merger during the first half of the year."
[source: Motorola Mobility]
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Related Articles
Top Stories
News
12 hours, 25 minutes ago
PocketGamer.biz Podcast Week in Mobile Games E12 - Xbox's mobile games store and Unity vs. AppLovin
Feature
May 17th, 2024
New release roundup: The best new mobile games from a battle royale to a console classic remake
Feature
May 16th, 2024
Behind the scenes: How adding sandwich offers to an idle merge game boosted three metrics at once
Events
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
Morocco Gaming Expo | Africa | May 24th |
MomoCon 2024 | North America | May 24th |
Unreal Fest Gold Coast 2024 | Australasia | May 29th |
Popular Stories
Feature
May 14th, 2024
53 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Feature
May 13th, 2024
Hot Five: Dubai's new Gaming Visa, April's mobile game charts, and Xbox studio closures
Feature
May 14th, 2024