Schaumburg, Ill. -
Motorola Mobility continued to shrink its net losses in the third quarter on
net loss shrank to $32 million in the third quarter, from $56 million in the
second quarter and $81 million in the first quarter. The third-quarter loss,
however, was down negligibly from the year-ago net loss of $34 million.
In the mobile
devices segment, the company posted a net operating loss of $41 million, down
from a second-quarter operating loss of $85 million and a first-quarter loss of
included about $18 million in expenses attributable to the company's planned
acquisition by Google. Motorola still expects the acquisition to close by the
end of this year or early next.
sales, consisting of mobile devices and home set-top box devices, rose 11
percent to $3.3 billion, while mobile device sales rose 20 percent to $2.4
quarter, mobile device shipments rose 27.5 percent to 11.6 million units
compared with the year-ago quarter. That includes 4.8 million smartphones, up 26
percent from a year-ago 3.8 million smartphones.
quarter, the company also shipped about 100,000 Xoom tablets.
Schaumburg, Ill. - Motorola Mobility continued to shrink its net losses in the third quarter on rising sales.