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Motorola Mobility Stands Firm with Q2 Results

Motorola Mobility managed to keep a strong foothold as the company reported better than expected earnings for the second quarter.

According CNET (opens in new tab), mobile maker company Motorola Mobility on Thursday reported nine percent earnings per share and a net revenue of $3.3 billion for the second quarter ended June 30 of the current fiscal year.

The earnings report has beaten the numbers estimated by analyst Thomas Reuters earlier. The analyst firm had forecast revenue of $3.12 billion along with 6 percent per share for the quarter.

"We feel well positioned to compete. There's market enough for us to compete and do well. We have a reasonable understanding of the competitive landscape." Motorola’s chief executive Sanjay Jha told CNET in an interview.

Jha also added that the better quarterly earnings is the result of better response for company’s tablet computers and Smartphones, its expansion across the world and an enhanced business strategy within on home ground.

Motorola sold nearly 11 million mobile phones in the current quarter out of which 4.4 million were Smartphones. Also 440,000 units of Xoom tablet computers have been reportedly sold, which is still better than the expected sale of 300,000 units by the analyst group.

Ravi Mandalia
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Ravi Mandalla was ITProPortal's Sub Editor (and a contributing writer) for two years from 2011. Based in Ahmedabad, India, Ravi is now the owner and founder of Parity Media Pvt. Ltd., a news and media company, which specializes in online publishing, technology news and analysis, reviews, web site traffic growth, web site UI. Ravi lists his specialist subjects as: Enterprise, IT, Technology, Gadgets, Business, High Net Worth Individuals, Online Publishing, Advertising, Marketing, Social Media, News, Reviews, Audio, Video, and Multi-Media. He has also previously worked as Dy. Manager - IT Security at (n)Code Solutions.