Moto makes billion buck profit
Piling up like pebbles on a beach
Motorola made $1.38bn profit in the quarter ending June on sales of $10.88bn - both record numbers for the company.
Only another so-so performance from the networks division, which made a profit of $394m in the period, down from $494m a year ago, on sales of $2.9bn, could take the shine off the results.
Motorola said it shipped 51.9m handsets, and 2.4m set top boxes in Q2 2006.
So Motorola's phone success continues. Less than two years ago, Motorola was looking nervously over its shoulder as Samsung made its bid for second place. Motorola has now taken its market share from 14 per cent to 22 per cent, according to its own estimates. Nokia's decision to withdraw from the CDMA market won't harm Motorola at all.
The company estimates 2006 revenue will be between $10.9bn and $11.1bn.
The networks division boasted a WiMAX win in Pakistan, and is an investor in Craig McCaw's Clearwire venture to build a nationwide WiMAX network in the US.®