It’s time to put the speculation to rest, Motorola has come clean with sales data for its inaugural tablet, the Motorola Xoom. More than 250,000 Xooms have been shipped by the manufacturer during the first quarter of 2011, a respectable number, but shipments and actual device sales are quite different from a retail perspective. Combined with 9.3 million mobile device, 4.1-million representing smartphones, and it’s easy to see why Motorola’s net revenues were up 30 percent compared with the year-ago quarter.
Let’s jump right into the highlights and skip the fluff. Net revenues for Q1 2011 were $3.0 billion, up 22 percent from the first quarter 2010. Net loss was .27 per share compared to .72 loss in the first quarter 2010. Mobile device revenues hit $2.1 billion, up 30 percent from the first quarter 2010. The GAAP operating loss was $89 million, non-GAAP was $61 million. In business, cash is king — Motorola recorded a positive operating cash flow of $107 million for the quarter.
Overall, things are looking good for Motorola Mobility. We’d like to see more Xoom tablet shipments, but let’s be honest — Honeycomb is a work in progress.
via Motorola
