With Motorola Mobility currently waiting for the powers that be to approve Google's proposed $12.5 billion buyout, so its full year financials for 2011 reflect its transient state.
Net revenue for the quarter came in at $3.4 billion comparable to the same quarter in 2010 with the firm's mobile devices division generating $2.5 billion, up 5 percent year on year.
However, the company posted a non-GAAP operating loss of $19 million and a GAAP operating loss of $70 million in Q4, bringing total losses for the year up to $285 million.
Mobile woes
As projected, mobile device shipments for Q4 2011 came in at 10.5 million - down from 11.3 million in the previous quarter.
Smartphone shipments, however, were up to 5.3 million more than half of the firm's total output, and representative of 28.3 percent of all smartphones the firm shipped throughout 2011.
In all, mobile device shipments came in at 42.4 million, with smartphones hitting 18.7 million for the year.
In contrast, Motorola's hand in the tablet market the Xoom appears to be a rapidly fading force, with Q4 shipments hitting 200,000 units, taking 2011's total to 1 million.
Google on by
"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," said chairman and CEO Sanjay Jha.
"We remain energized by the proposed merger with Google and continue to focus on creating innovative technologies."
The company ended the quarter with total cash and other liquid assets of $6.6 million, up from $3.1 million at the same point last year.
[source: Motorola (PDF)]
News
When Matt was 7 years old he didn't write to Santa like the other little boys and girls. He wrote to Mario. When the rotund plumber replied, Matt's dedication to a life of gaming was established. Like an otaku David Carradine, he wandered the planet until becoming a writer at Pocket Gamer.
Related Articles
Top Stories
Feature
May 7th, 2024
Mobile Mavens: The industry has its say on Squad Busters ability to draw in “untapped audiences” with its “influence from a range of genres”
Feature
May 7th, 2024
Hot Five: Supercell’s Squad Busters supremacy, Brawl Stars bounces back, and a games industry journey at King
Feature
May 7th, 2024
April 2024 mobile game charts: Call of Duty: Warzone Mobile loses launch momentum and Brawl Stars’ astronomical rise
Events
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
WN Conference Istanbul 2024 | Jun 11th | |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Develop: Brighton 2024 | Europe | Jul 9th |
Devcom 2024 | Europe | Aug 18th |
Gamescom Cologne 2024 | Europe | Aug 21st |