Motorola reports Q1 2009 sales of $5.4 billion. The total GAAP net loss in the first quarter of 2009 was $231 million, or $0.10 per share, which includes net income of $0.03 per share from discontinued operations. The GAAP net loss from continuing operations was $291 million, or $0.13 per share. The GAAP net loss from continuing operations includes net charges of $0.05 per share from highlighted items, primarily related to cost-reduction initiatives.
Some highlights from the quarterly report:
- Mobile Devices segment sales were $1.8 billion, down 45 percent compared to the year-ago quarter.
- During the quarter, Mobile Devices shipped 14.7 million handsets and estimates its share of the global handset market was 6.0 percent.
- Motorola is aiming to deliver differentiated smartphone devices in the fourth quarter of 2009
- During Q1, Motorola launched seven new phones, including three GSM devices, two 3G devices and two CDMA devices
- Home and Networks Mobility segment sales were $2.0 billion, down 16 percent compared to the year-ago quarter.
- Home and Networks Mobility shipped more than 4.3 million digital entertainment devices during Q1
- Motorola introduced industry's first commercial receiver/decoder (IRD) to deliver three-channel MPEG-4 to MPEG-2 High Definition TV
- Enterprise Mobility Solutions segment sales were $1.6 billion, down 11 percent compared to the year-ago quarter. GAAP operating earnings were $156 million, compared to operating earnings of $250 million in the year-ago quarter.
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