Mobile phone division contributes £128.4m to total Motorola operating loss in three months up to June 30
The mobile phone division of Motorola Mobility has made an operating loss of $199m (£128.4m) in the three months ending June 30, its first financial announcement since it was bought by Google in May for $12.5bn (£8bn).
The loss in the mobile phone segment contributed to a total loss of $233m (£150.2m) for the Google subsidiary, with the division announcing overall Q2 revenues of $1.25bn (£0.8bn).
Commenting on Google’s overall results, which showed 21 per cent year-on-year revenue growth, CEO Larry page said: “We launched a bunch of exciting new products – in particular the Nexus 7 tablet, which has received rave reviews. This quarter is also special because Motorola is now part of the Google family, and we’re excited about the potential to build great devices for users.”