Motorola has spilled some very unappetizing beans with its first quarter results. The company missed its projected sales figure of $5.62 billion, posting $5.4 billion, $1.8 billion of which were in its handsets division. The cellphone space is where the company seems to be hurting the most — sales were down 45 percent there — though some projections had it faring worse than that. Overall, Moto’s looking at a $291 million loss, or $0.13 a share, which, even in this economy, can’t be the greatest of news.
On the bright side, during the earnings briefing, CEO Sanjay Jha confirmed that Motorola will indeed introduce “differentiated Android-based devices” in time for the holiday season this year. Hooray for that, anyway!
Read – Motorola CEO Confirms Android Devices for Q4
Read – Earnings: Motorola Posts $291 Million Loss As Cellphone Sales Slump 45 Percent
Filed under: Cellphones
Motorola posts $291 million loss in first quarter, mobile sales fall 45 percent, Android handsets confirmed for Q4 originally appeared on Engadget on Thu, 30 Apr 2009 10:12:00 EST. Please see our terms for use of feeds.
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Original post by Laura June
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