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Home >> Motorola Still Losing Money
Mountain View, Calif. – Google-owned Motorola Mobile saw its first-quarter sales shrink 54 percent to $1.02 billion compared to the year-ago period and its operating losses grow 124 percent to $271 million, Google’s financial reports show.
The GAAP financial information is based on Google’s report of Motorola’s first-quarter mobile-phone performance and a year-ago financial report on the mobile business issued by Motorola before it was purchased by Google in May 2012.
In the first quarter of 2012, Motorola’s mobile-device revenues grew 3 percent to $2.2 billion, and mobile operating losses grew to $121 million from a year-ago operating loss of $89 million.
Motorola’s cellular business also posted operating losses in fiscal 2011 and 2012, previous financial reports show.
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