Motorola Mobility came up big with an increase in handset, smartphone and tablet sales in the second quarter, but still managed to post a net loss. The company shipped 11 million handsets, including 4.4 million smartphones compared to 9.3 million handsets and 4.1 million smartphones in the first quarter. Motorola Xoom shipments nearly doubled, up from 250,000 in the first quarter to 440,000.
With an increase is handset shipments and sales across the board you would think that Motorola would be able to stay out of the red — this was not the case. The company posted a net loss of $56 million in the quarter, down from a net profit of $80 million in the year-ago period. Not all was bad, however, revenue was up 41 percent from the year-ago quarter ($2.4 billion from $1.7 billion).
During the today’s earnings call, Motorola’s CEO promised to release another 4G LTE smartphone and two new 4G LTE tablets by year’s end. A mysterious photo of an unnamed Motorola handset leaked onto the internet yesterday which looks very similar to the Motorola Atrix, but with a larger 4.3-inch display. This unnamed handset and the Droid Bionic appear to be the only 4G LTE handsets planned for the remainder of 2011. Will this be enough to turn the company around before the end of the year?
via Motorola
