Motorola sells 200,000 tablets, reports $80-million loss
This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.
Motorola Mobility sold 1 million tablets in 2011 -- with only 200,000 Xooms and Xyboards sold in the fourth quarter of the year, a quarter in which the company also reported an $80-million loss.
The consumer electronics maker reported the low tablet sales and negative earnings on Thursday in its quarterly earnings report. The loss came on revenue of $3.44 billion in the fourth quarter. A year earlier, the company reported a fourth-quarter profit of $80 million on $3.43 billion in revenue.
For the full year, Motorola reported a loss of $249 million on $13 billion in revenue, up from an $86-million loss on $11.5 billion in revenue in 2010.
Product shipments are also down year over year for the fourth quarter. Motorola shipped 10.5 million phones and tablets (all of which run Google’s Android operating system) in the last three months of 2011, down from 11.3 million in the fourth quarter of 2010.
In 2011 as a whole, Motorola shipped 42.4 million mobile devices, up from 37.3 million devices shipped in 2010.
Motorola also said it remains ‘energized by the proposed merger with Google and continue to focus on creating innovative technologies.’ The Google takeover is still awaiting approval from regulators in a number of countries, but Motorola said it expects the $12.5-billion deal to ‘close in early 2012 once all conditions have been satisfied.’
ALSO:
Google agrees to buy Motorola Mobility for $12.5 billion
Apple earnings: $97.6 billion in the bank, and other highlights
Motorola Mobility sues Apple over patents, probably with Google’s blessing
-- Nathan Olivarez-Giles
Nathan Olivarez-Giles on Google+