Financial Results &Motorola &Q4 2009 28 Jan 2010 11:58 am
Motorola Mobile Device Sales Drop 22 Percent in Q4 2009
The results are in for Q4 2009 and Motorola’s Mobile Device segment is still bleeding into the red. Sales for Q4 2009 were $1.8 billion, down 22 percent compared to the same quarter in 2008. For the full year 2009, sales were $7.1 billion, compared to $12.1 billion in 2008, and the segment incurred a GAAP operating loss of $1.1 billion, compared to an operating loss of $2.2 billion in 2008. During the quarter, the Company shipped 12 million handsets and estimates its share of the global handset market was 3.7 percent.
On the plus side the Motorola Droid/MILESTONE was named Time Magazine’s “Best new gadget of 2009″ and the CLIQ/DEXT didn’t fair too bad either. 2010 will be the true test for Motorola – launching the BACKFLIP in the US and the MT710, XT800 and MOTOROI in China and possibly other countries. We are big fans of the Motorola Droid and the RAZR will always have a place in our heart so let’s hope Motorola pulls out the big guns in 2010.
[via Motorola]
Related posts:
- LG reports 37 percent increase in Mobile device shipments
- LG Mobile sells 117.9 Million Units in 2009
- Bluetooth Headset Shipments Drop 28 Percent in 2009