Motorola Mobility, which is on the verge of being acquired by Google, sold only 10.4 million handsets in the fourth quarter.
The company disappointed Wall Street, which had estimated $3.9 billion in revenue, by posting revenue of $3.4 billion.
Motorola stated that it sold only 5.3 million smartphones in the last three months of 2011, while selling 10.4 million handsets overall, which is less than the 11.3 million handsets sold by Motorola.
For comparisons sake, both Apple and Samsung are estimated to have shipped 35 million smartphones each in the fourth quarter of 2011. Considering the fact that Motorola sold only 5.3 million smartphones during those three months including the Christmas holiday shopping season, the company seems to be in deep waters.
After the Q4 results, it is under debate if Google has made the right decision in proposing to acquire Motorola for $12.3 billion.
Motorola for its part, claimed that poor smartphone sales were due to intense market competition, reports ZDNet. Apart from the Android based Moto Razr smartphone, which was launched at the end of December, the company has not released a single device which made headlines in 2011.