Motorola Mobility posts solid Q2 earnings, new smartphones and tablets inbound
Motorola Mobility posts solid Q2 earnings, new smartphones and tablets inbound
Motorola Mobility on Thursday released its second quarter 2011 earnings and despite recent analyst downgrades, the company recorded a strong quarter. Motorola posted net revenues of $3.3 billion, up 28% from the same time period last year. In addition, mobile device revenues were $2.4 billion, up 41% from the second quarter of 2010. Motorola Mobility shipped a total of 11 million devices, including 4.4 million smartphones and 440,000 units of its XOOM Android tablet. That’s a large improvement over the 8.3 million mobile devices the firm shipped during the year-ago quarter. CEO Sanjay Jha also told CNET in a recent interview that the Verizon Wireless DROID BIONIC will finally launch in September. In addition, Motorola Mobility will introduce two new tablets and two 4G LTE smartphones. One of the tablets will have a 10-inch screen while the other will have a smaller display. “You’ll like the look of the tablet,” Jha said. “The consumer and carrier feedback has been positive. We want to compete. We think we have competitive products in the marketplace, and we’ve got good design wins in the U.S.” Read on for the full press release. More →











