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Motorola reports first growth quarter since 2008

Updated 4 years ago
BGR

Motorola announced its Q3 results on Thursday and while the seemingly imminent arrival of the Verizon iPhone weighs heavily on investors’ minds, Motorola managed to report its best quarter in some time. Sales in the third quarter were up 13% year over year to $4.9 billion and phone revenue came in at $2 billion, up 20% from the year prior. Motorola shipped 9.1 million cell phones in Q3, 3.8 million of which were smartphones. Smartphone shipments beat the Street’s estimates, which typically fell between 3.5 and 3.6 million. Motorola also stated that its total cash on hand rose to $9 billion. Motorola’s business relies heavily on its current deal with Verizon Wireless, where its DROID-branded smartphones are a central draw that Verizon spends big marketing dollars on. Should Verizon finally manage to launch a CDMA version of the Apple iPhone next year, which is looking increasingly likely, it could spell trouble for Moto.

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Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.