Motorola’s $271M Q1 loss drags on Google’s results

Google’s Motorola business continues to struggle within the competitive mobile market, posting a loss of $271 million within the half-moon and pain results at its parent company.

Excluding things, Motorola lost $179 million.

In the year-ago amount, Motorola’s last report as associate degree freelance company, the mobile-devices and television set-top box manufacturer denote a loss of $86 million. Within the fourth quarter of 2012, Motorola’s loss destroyed $353 million.

 

Its revenue, meanwhile, came in at $1.02 billion, down from $3.08 billion within the year-earlier amount and from $1.51 billion within the fourth quarter. BGC analyst Colin Gillis had calculable first-quarter sales of $1.37 billion for Motorola, that he known as “weak” in a very note earlier on.

Results lately are wedged by Google’s call in December to sell the house set-top box portion of Motorola to Arras cluster for $2.35 billion in money and stock. As results of the planned sale, Google affected the results to its interrupted business section.

Google in 2001 reached a deal to shop for Motorola for $12.5 billion, however the combined company has nonetheless to unharnessed any blockbuster merchandise that have turned Motorola’s fortunes around. Motorola has struggled to contend with Apple and Samsung, that dominates the mechanical man market, and its monetary results have mirrored the powerful times. Google’s quarterly numbers, in turn, are hurt by Motorola since the acquisition enclosed could of last year.

Google has warned within the past that Motorola’s results are “variable” because the company restructures itself and readies new merchandise. Google aforementioned some of month’s gone that it absolutely was operating through a product pipeline of twelve to eighteen months that it genetic from the acquisition. The combined company is reported to be building associate degree X Phone with with-it options. Some speculation pegs the phone’s announcement to the Google I/O conference next month.

Google Chairman Eric Helmut Schmidt earlier on known as Motorola’s new merchandise “phenomenal” and noted that whereas competition within the mobile market is hard, folks ought to wait to envision the “very, terribly impressive” merchandise Motorola is developing.

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