Motorola announces Q4 2011 earnings: $3.4 billion revenue, $80 million net loss

Motorola offered some estimates for its Q4 2011 earnings earlier this month, and it’s now out with the final numbers, reporting net revenues of $ 3.4 billion and a GAAP net loss of $ 80 million. That’s a swing from $ 80 million in net earnings in the same quarter a year ago, although it did achieve the “modest profitability” it had promised on a non-GAAP basis, reporting earnings of $ 61 million by that accounting standard. Its earlier estimates of device shipments for the quarter also proved to be on the mark, with the company confirming that it shipped 10.5 million mobile devices in total, 5.3 million of which were smartphones. As for the company’s efforts to break into the tablet business, it says it “shipped” 200,000 tablets in Q4 and an even one million during the year — no word on actual sale figures to consumers, though. Smartphone shipments for the year totaled 42.4 million.
Fast payday loans For Every One

Developing…

Continue reading Motorola announces Q4 2011 earnings: $ 3.4 billion revenue, $ 80 million net loss

Motorola announces Q4 2011 earnings: $ 3.4 billion revenue, $ 80 million net loss originally appeared on Engadget on Thu, 26 Jan 2012 16:52:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceMotorola  | Email this | Comments

Popular Posts:

Incoming search terms:

Related Posts:

Leave a Reply

Featured Products

Archive
Gruvisoft Donations