Motorola’s financial woes deepen

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Motorola has reported handset sales of $3.3 billion for the quarter ended March, down 39 percent on the same period last year.

Its handset business, recently hived off from the rest of its business units, also posted an operating loss of $418 million, compared to an operating loss of $233 million in Q1 last year. It shipped 27.4 million handsets in the first quarter.

Motorola chief executive Greg Brown said: “During the first quarter, we made an important strategic decision to separate the company, creating two independent, publicly traded entities.

“Improving the product portfolio in Mobile Devices and positioning both businesses for future success remains a top priority. Our Home and Networks Mobility and Enterprise Mobility Solutions businesses continue to expand their portfolios of solutions, grow internationally and deliver solid financial results.”

Motorola launched six new handsets globally in the quarter, including the ROKR U9 music phone and several mass market handsets. It also introduced the HSDPA-enabled Z9 slider and the Q9c handset.

 

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