By Companies all over the world are still tallying up their results from the fourth quarter of 2011, including Motorola who has given us a quick preview of their results for the last three months of last year. They were able to turn up $3.4 billion in revenue, though they say profits were modest on a non-GAAP basis.
It would appear that they’ll be poised to do better than the previous quarter where they ended up losing $34 million but without much of a clue outside their claims of revenue gain there’s no room for assumption. They’re chugging along, though. Read on for the limited details.
Motorola Mobility Provides Business Update
Jan. 06, 2012
LIBERTYVILLE, Ill., Jan. 6, 2012 – Motorola Mobility Holdings, Inc. (NYSE: MMI) (“Motorola Mobility”) today announced preliminary results for the fourth-quarter 2011. Although the Company has not finalized its financial results for the fourth-quarter, it estimates sales of $3.4 billion with modest profitability on a non-GAAP basis. These estimates include shipments of approximately 10.5 million mobile devices, of which approximately 5.3 million were smartphones. Motorola Mobility’s fourth-quarter results were impacted by the increased competitive environment in the Mobile Device business and higher legal costs associated with ongoing Intellectual Property (IP) litigations. The Company estimates sales of $900 million for the Home business in the fourth-quarter. Motorola Mobility will issue its fourth-quarter 2011 earnings results at approximately 3:00 p.m. U.S. Central Time on Thursday, January 26, 2012.
As previously announced on August 15, 2011, Motorola Mobility and Google Inc. (“Google”) (NASDAQ: GOOG) entered into a definitive agreement for Google to acquire Motorola Mobility for $40.00 per share in cash, or a total of approximately $12.5 billion. On November 7, 2011, Motorola Mobility stockholders voted overwhelmingly to approve the proposed merger with Google at the Company’s Special Meeting of Stockholders.
The Company continues to work closely with Google to complete the proposed acquisition of Motorola Mobility as expeditiously as possible. The Company notes that the transaction remains subject to various closing conditions, and currently expects the transaction to close in early 2012 once all conditions have been satisfied. The Company reminds stockholders that it is possible that the failure to timely meet such conditions or other factors outside of the Company’s control could delay or prevent completion of the transaction altogether.
Information on the Google acquisition can be found at investors.motorola.com.
Motorola Mobility also noted that it will be showcasing and introducing several new products at the Consumer Electronics Show (CES) in Las Vegas beginning January 10, 2012. Please visit the Company’s exhibition booth at the Las Vegas Convention Center, Central Hall Booth No. 8644 to see the latest innovative products and experiences from the Mobile Devices and Home businesses.
Business Risks
Motorola Mobility cautions the reader that this communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include, but are not limited to, the expected closing date of the proposed Google transaction. Forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements including, but not limited to, fourth quarter performance and the ability of the parties to consummate the proposed transaction and the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory and other approvals at all or in a timely manner; and the other risks and uncertainties contained and identified in Motorola Mobility’s filings with the Securities and Exchange Commission (the “SEC”), any of which could cause actual results to differ materially from the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. Motorola Mobility undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances or update the reasons that actual results could differ materially from those anticipated in forward-looking statements, except as required by law.
About Motorola Mobility
Motorola Mobility, Inc. (NYSE:MMI) fuses innovative technology with human insights to create experiences that simplify, connect and enrich people’s lives. Our portfolio includes converged mobile devices such as smartphones and tablets; wireless accessories; end-to-end video and data delivery; and management solutions, including set-tops and data-access devices. For more information, visit motorola.com/mobility.
Maybe if they unlocked their bootloaders more people would say positive things about their devices.
The percentage of people who give a shit about locked bootladers is not going to make a damn bit of difference.
Don’t be so sure of yourself, word of mouth about a product is Hugh, and you do you trust for information about a high tech product, a dumb ass salesman you don’t know from Adam, or you’re nerd/geeky friend that you know, knows what he is talking about?
Neither actually, I read reviews and then go into the store and check them out. I guess that’s beside the point however, my point being, unlocked bootloaders wouldn’t make a difference, if it were true HTC (which is slowly unlocking their bl’s including the wildifre phones today) wouldn’t have lost money in the same quarter.
The main problem, and one which I actually believe (as much as you can believe anything in a press release), is that the lawsuits from Apple are slowly siphoning money away and that indeed worries me more.
Neither actually, I read reviews and then go into the store and check them out. I guess that’s beside the point however, my point being, unlocked bootloaders wouldn’t make a difference, if it were true HTC (which is slowly unlocking their bl’s including the wildifre phones today) wouldn’t have lost money in the same quarter.
The main problem, and one which I actually believe (as much as you can believe anything in a press release), is that the lawsuits from Apple are slowly siphoning money away and that indeed worries me more.
It can make a (several) million dollar difference….. 500/phone (lets say) 2500 people by a petition to moto, that 1.25 million
Seriously, if it’s only a few percentage that care about bootloaders etc then why block it in the first place? That’s what I don’t understand. They get bad publicity (check their facebook page) and they lose out on the ppl who care plus get a negative impression of the company from the friends of the ppl who cares about bootloaders.. Not worth the hassle in my opinion.
But the impact of those reviews to have the ability to do what you want with your phone should be enough on it’s own for a company to unlock them. Yes, the percentage of people who would actually buy a phone for an unlocked bootloader is quite small when looking at full sales figures. But the impact of those 2,500+ who would actually spread by word of mouth which phone I feel like would be a huge impact.
Slow news day?
Slow news day?
The problem isn’t the bootloader, I bet 90% of people with an Android have no idea what rooting or the like is. All they have going for them is the Droid line of phones in VZW. They need to look at Samsung and their Galaxy line and make one kick ass product across the board and then some less top of the line to fill in the rest of portfolio. I would LOVE to see Google turn all of motorola into a Nexus like line where it is pure android.
The bootloader is part of the problem, but the majority of it is exactly what you said. Take a look at all major carriers in the U.S.. Other than the Atrix, which seems to have flopped, they don’t have a top of the line type phone with anyone but Verizon.
Rob: you are correct.. 90%.. I would say even more people dont know about rooting….They are very non-techie users and they are unaware of this rooting
my roomate’s step-sister makes $80 every hour on the internet. She has been without a job for 9 months but last month her income was $7640 just working on the internet for a few hours. Go to this web site and read more… LazyCash5.čom
Slow news day?
Slow news day?
double post thread?
double post thread.
double post thread?
double post thread.
Perhaps if they would stop releasing a new phone every month, they would not have so much manufacturing costs.
Do what Samsung does and stick to one hardware revision per year.
I guess I have to question why a tech site is reporting financial news such as this?
Thanks for this kinda segment! Very well written about Motorola. Hope to get more of those in the future!
Companies like motorola and samsung always claim poor sales because they are expecting too much. Apple has the iphone which literally in its own right has no competitor other then generic Iphones. Android is a robust community where you can pick and choose your phone, and the more advanced user can create their own phone like no other.
If you think like a big business does you’d see that because there is far more competition in your line of expertise it makes profits margins shrink. If you supply something in high demand; like the iphone, you can charge a much higher price for similar if not even inferior technology.
1) Motoblur generally looks very cartoonish when compared to other UI’s such as TouchWiz.
2) Too many devices to pick from.
3) 6 – 9 month release cycle (Atrix, Atrix 2 in October, OG Droid, Droid 2, Droid 3, Droid 4)
4) Horrible PR with the bootloaders.
5) Xoom Pricing…. and now the XYBOARD…
6) Marketing…. The only marketing I saw that made a Motorola device look remotely interesting was the Bionic and Razr