Motorola accidentally makes a profit
Someone take an early vacation?
Motorola wrong-footed the markets this morning when it turned in an unexpected profit for its second quarter and said it would be in the black for the year.
However, the better-than-anticipated bottom line had nothing to do with its mobile devices division, which still managed to show sliding sales and increased losses.
Schaumburg’s finest turned in overall revenues of $8.1bn, compared to last year’s $8.7bn. Improved profits at its home and networks mobility and enterprise mobility arms helped it claw its way into the black to the tune of a whole $4m, compared to a $28m loss a year ago.
Once the figures had been put through the non-GAAP wringer, earnings per share came in at $0.00. Wall Street had been braced for a loss of $0.03 per share.
While investors got an unlooked-for fillip this quarter, they needn’t expect the same next time around. Motorola said earnings in the current quarter should be $0.00 to $0.02 per share – the consensus estimate is $0.01.
Still, the firm said that full-year EPS should be £0.06 to $0.08, well above the current consensus of $0.01.
Sadly for Motorola, the handheld devices business did not match the bounce back at the home and networks and mobility arms, turning in sales of $3.3bn, down 22 per cent on the year. Last year’s $332m operating loss swelled to a $346m loss this year.
The company sought to comfort itself by saying it maintained its share of the handset market by shipping 28.1 million handsets and that it kept its market leadership in North America.
No wonder it was pleased to report that it had made progress on its plans to hive off the handset division into a separately listed firm. ®
Motorola Makes A Good Phone? Yeah, RIGHT!
If that is the case, as was stated in some of these posts, then why is THEIR business about to go tits-up? The Micro-Tac line was as stale & cheap as a rotten egg fart!!! You pay all the dad-gum money for that crap and it cracks/breaks when dropped. I've owned Nokias since I 1st purchased a cell phone (1998) and never had one give me any issues and I've dropped mine a bunch of times. Battery life- never an issue with my phone. My dog even gnawed on my 1st Nokia and it worked like a charm... even when I replaced it 6 years later with a newer Nokia. As far as I'm concerned, throw the Motorola cell phone under a bridge and rescue that troll as the latter deserves much better treatment than a Moto cell phone!!!
Indeed, you want a phone with good battery life for making calls and a decent and fast phone book. Unfortunately i've yet to see a Moto phone in the last 5 years that can do the above. When writing text messages on a Moto, the usual procedure is to press a few buttons and then wait 6 or 7 seconds for the screen to catch up.
And yes, that includes the Moto V550 in my pocket. Why havent i changed it you ask? The one saving grace is that it survives regular free fall trips down my driveway.
Next time i'm going back to a nokia.
Mew Linux-based MOTO phones like e.g. A1200, Z6, E8, V8 & U8 are designed and made in china AFAIK. Many synergyos-based phones are manufactured in china too. that's why the h/w, f/w and s/w quality is inferior to The True American Phones.
Probably the MOTO hanheld business will go titsup soon, but I fear this won't stop The Other True American Companies from outsourcing development to cheap chineese/russian/ukrainian/whatever-else-underqualified "engineers".