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Friday, April 25, 2008

Motorola News Update: Q1'08 Financial Announcement

Motorola 1Q loss widens as phone sales fall


Highlight:

Mobile Device segment:
1. Sales were $3.3 billion, down 39% compared to year-ago quarter.
2. The operating loss was $418 million, compared to an operating loss of $233 million in the year-ago quarter.
3. Company shipped 27.4 million handsets on Q1'08.

Home & Network Mobility segment:
1. Sales were $2.4 billion, up 2% compared to the year-ago quarter.
2. Operating earnings were $153 million, compared to operating earnings of $167 million in the year-ago quarter.

Enterprise Mobility Solution segment:

1. Sales were $1.8 billion, up 5% compared to the year-ago quarter.
2. Operating earnings increased to $250 million, compared to operating earnings of $131 million in the year-ago quarter.

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