Motorola makes $598m Q3 profit
Set-top boxes doing well
Motorola's Q3 earnings climbed 66 per cent on the back of sales of advanced mobile phones, chips and digital TV set top boxes.
Profit rose to $598 million from $361 million in Q3 last year. Sales grew 18 per cent to $9.49 billion, up from $8.06 billion.
Sales in the personal-communications segment, the cell phone part of the business, only grew by four per cent to $3.2 billion. New orders fell 23 per cent. The company is trying to increase margins at the expense of revenue.
But revenues in the broadband group climbed 47 per cent to $917 million with orders up 41 per cent. This division sells digital set-top boxes. ®