04-21-2004, 07:30 PM
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Editor Emeritus
Join Date: Aug 2006
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Motorola Announces Strong First Quarter Revenue
After Nokia just announced a poor first quarter, Motorola seems to have picked up some of the slack. The company overall preformed very well with sales of $8.6 billion, up 42 percent over the first quarter last year. The quote below just pertains Personal Communication segment.
"Personal Communications Segment sales were $4.1 billion, up 67 percent compared with the year-ago quarter. Operating earnings were $398 million, compared with operating earnings of $114 million in the year-ago quarter. The increases in sales and operating earnings were due to the success of new products introduced in the second half of 2003. During the quarter, the segment shipped 25.3 million handsets, up 51 percent from the year-ago quarter, and improved its market share, particularly in Europe. The segment also announced 25 new handsets, 24 featuring color displays and 16 featuring integrated cameras."
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