This morning Motorola (NYSE: MOT) released their first quarter financials. Motorola is a huge player in the commercial sector for two way radios, and other types communication devices. In the early 2000’s they also had great success with mobile phones. Phones like the V-Series and the RAZR, due to lack of innovation Motorola lost profit and market share. With the launch of the Moto Droid a.k.a. (Milestone) their are now reeping the fruits of their progress. If they want to increase there market share even further they still need to do more innovation and manufacture products that people want.
Financial Highlights
- First-quarter sales of $5.0 billion
- First-quarter GAAP earnings of .03 per share, compared to a loss from continuing operations of .13 per share in first quarter 2009; first-quarter 2010 GAAP earnings include income of .01 per share from highlighted items
- Total cash* of $8.5 billion, a sequential increase of $455 million
- Enterprise Mobility Solutions sales of $1.7 billion; operating earnings of $141 million
- Mobile Devices sales of $1.6 billion; shipped 8.5 million handsets, including 2.3 million smartphones; operating loss of $192 million
- Networks sales of $896 million; operating earnings of $112 million
- Home sales of $838 million; operating earnings of $20 million