Motorola announced its Q1 2009 financial results today and reported total sales of $5.4 billion with a net loss of $231 million. Though wider than the $194 million loss posted in the same quarter last year, things were better than analysts expected this quarter. Motorola’s mobile devices division posted device sales of $1.8 billion and shipped 14.7 million handsets, grabbing an estimated 6 percent share of the global handset market. Handset sales have dropped 45 percent from Q1 2008 and operating loss has widened to $509 million from $418 million from 2008. On the bright side however, Moto posted a $595 million operating loss in Q4 of last year so at least things are moving in the right direction. Motorola notes that it continues to make progress on its upcoming handsets and remains committed to launching several new Android-based handsets by Q4 2009 with multiple carriers and in multiple regions. That little green robot sure has some heavy lifting to do.
Motorola's loss widens in Q1 2009; company remains committed to Android
Updated Dec 19th, 2018 6:18PM EST
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