Motorola reported their quarterly financial results today, amounting to their first profitable quarter since Q4 2006.
- $4.9 billion in sales (vs. $4.3 last year’s Q3)
- $109 million in net earnings (vs. $12 last year’s Q3)
- 3.8 million smartphones shipped, 9.1 million handsets total (vs. 13.6 million last year’s Q3)
Motorola projects Q4 2010 will result in $0.14 and $0.16 earnings per share. Good stuff overall, eh? Let’s see what the analysts are saying.
“The big question now is how Motorola can steer iPhone-eager consumers at Verizon, home of the Droid.” – Mark Sue, RBC Capital
“[Sanjay Jha] bet on Android two years ago when it was still a risky platform. He made the right choices. So far, he’s been excellent.” – Matt Thorton, Avian Securities
“Motorola is now well set to break-up in two independent, sustainable and well capitalized companies.” – Pierre Ferragu, Bernstein
Motorola is spinning off into its own handset company next year, and these results are a good sign of what that future is going to look like. Now that they won’t be bogged down by their infrastructure business, Motorola will be able to pump out handsets in greater quality and quantity. The results of such focus have been seen in the recent past with the likes of the Droid 2, Droid X, and the entry-level Flipout and Charm. Coming out in the U.S. soon are the rugged Defy and the Bravo. The common thread among all of these handsets is Android, and obviously Motorola’s early investment in the platform is finally starting to pay off. In terms of quality, HTC still arguably leads the way, but Motorola is a not-too-distant second place.
A rundown from the press release on page 2…