Login

Motorola Mobility posts $86 million loss in Q1 on $3.1 billion in revenue, ships 8.9 million phones

Gallery Photo: Motorola Droid RAZR Maxx review pictures

Motorola Mobility, which is still awaiting approval to be acquired by Google for $12.5 billion has just released its earnings for the first quarter of 2012, and the company continues to lose money. The handset and cable box manufacturer posted a $86 million loss for the quarter on a GAAP basis, led by a $121 million dollar loss from the mobile unit. The company's home segment was able to recoup some of those losses, as it pulled in $15 million more in profit than a year ago. We've heard that Google plans to sell the cable box unit (which is contained by the home segment), but the company is going to have to figure out a way to turn around Motorola's cellphone business if it wants to make Motorola Mobility profitable. The mobile phone unit lost $24 million more this quarter than it did over the same period of time last year.

In the report, Motorola Mobility says that it still expects the Google acquisition to be completed before the half-way point of this year, which is quickly approaching. The deal has already been approved by the US and the EU, but a Chinese go-ahead appears to be standing in the way, as the nation began an even deeper investigation into the purchase just a month ago. The merger's related costs (banking and legal fees, mostly) accounted for about 21.5 percent of the company's losses for the quarter.

The Verge
X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new Verge username and password

As part of the new Verge launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to Verge going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new Verge username and password

As part of the new Verge launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to Verge going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.
Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.