Schaumburg, Ill. – Motorola
Mobility shrank its net losses in its fiscal first quarter to $81 million on a
GAAP basis from a year-ago $212 million loss on revenues that grew 22 percent
to $3 billion.
In the company’s mobile devices
segment, which accounted for 70 percent of revenue, the company posted an
operating loss of $89 million, down from a year-ago $192 million loss. Mobile
revenues were up 30 percent to $2.1 billion.
Unit mobile-device sales rose 9.4
percent from the year-ago quarter to 9.3 million devices, consisting of
cellphones and tablets. Of that amount,
4.1 million units were smartphones, up 56 percent from the year-ago 2.3 million
In the quarter, Motorola shipped
250,000 Xoom tablets, which became available Feb. 24 in a WiFi+3G version and
on March 27 as a WiFi-only version.
Sales of home devices, largely
settop boxes, grew 8 percent to $904 million, and GAAP operating earnings rose
to $53 million compared to a year-ago $20 million.
The consolidated operating loss
was $36 million, down from a year-ago $212 million.