Motorola Releases Q4 Financial Report: Looking Good
Motorola has just published its Q4 and full 2009 financial reports, showing signs of improvement and even some profit. The great American handset maker has earned $142 million in Q4, taking the total loss for 2009 down to a mere $51 million.
This is pocket change compared to the $3.7 billion lost by Moto in Q4 2008, or the $4.2 billion loss for the entire year 2008. The mobile division is still having trouble to make profit, it seems, although the company shipped 12 million handsets in Q4, 2 million of them being smartphones. These generated $1.8 billion of income.
Thus, the operating loss was reduced to $132 million, far less than the $595 million in Q4 2008. However, things must get better in order for Moto to be completely back on its feet, so a bunch of new Android handsets should do the trick. During the full year 2009, the mobile division of Motorola generated sales of $7.1 billion, lower than the $12.1 billion of 2008.
However, the operating loss was also lower, $1.1 billion, compared to the $2.2 billion in 2008. Moto’s market share is estimated at 3.7% right now.