Motorola in Q3 2010 (Mobile Devices Emphasis)
• Motorola Third-Quarter 2010 Financial Results (PDF)
6iqn.sl.pt
Mobile Devices (from the Earnings Report)
Motorola Mobility had mobile devices sales of $2.034 billion; shipped 9.1 million handsets, including 3.8 million smartphones with a GAAP operating loss of $43 million and non-GAAP operating earnings of $3 million. Blended handset ASP was ~$92.
"In the third quarter, Motorola Mobility showed positive momentum across the business, with Mobile Devices reaching profitability for the first time in over three years and Home continues to maintain its leadership position." ... Mobile Devices' DROID X continues to sell extremely well, and we have had several other successful smartphone launches globally, including the DROID 2, the MING series in China, as well as a well-received introduction of our enterprise-ready DROIDPRO. As we continue to make progress across the organization, we remain focused on further improving our financial results and pursuing the delivery of best-in-class software and hardware experiences to consumers and business users." - Sanjay Jha, Motorola co-chief executive officer and Motorola Mobility CEO. -
Mobile Devices segment sales were $2.034 billion, up 20 percent compared with the year-ago quarter. The GAAP operating loss was $43 million compared to an operating loss of $216 million in the year-ago quarter. Non-GAAP operating earnings were $3 million compared to an operating loss of $183 million in the year-ago quarter.
Mobile Devices highlights:
• Shipped 3.8 million smartphones with a total of 22 smartphones introduced during 2010.
• Launched three new smartphones in the iconic MING series designed for China - the MT810 for China Mobile's TD-SCDMA network, the XT806 for China Telecom's CDMA-2000 network and the A1680 for China Unicom's WCDMA network.
• Unveiled the slim and pocketable Motorola DEFY, optimized for an active lifestyle, water resistant, dust proof and equipped with a 3.7-inch high-resolution, scratch-resistant display.
• Continued to grow the DROID portfolio with the introduction of three new devices, available at Verizon - DROID 2, DROID PRO and the limited edition DROID R2-D2.
• Recently announced three new smartphones available for the holiday season at AT&T: BRAVO, FLIPSIDE and FLIPOUT, designed for the next generation of smartphone users across tiers, providing consumers greater choices and flexibility.
• Continued leadership in Bluetoothheadset technology with the introduction of four headsets: the Motorola Oasis, S10-HD, Finiti and CommandOne.
Mobile Device CY 20120 Sales
Unit Sales Q1 2010 Q2 2010 Q3 2010 2010 CYTD
============ ======= ======= ======= =========
Smartphones 2.3m 2.7m 3.8m 8.8m
Other Phones 6.2m 5.6m 5.3m 17.1m
------- ------- ------- ---------
Total handsets 8.5m 8.3m 9.1m 25.9m
For the 9 months ending October 2, 2010 Mobile Devices revenue sales were $5.399 billion up 1% from $5.322 billion in the comporable 2009 period.
>> Moto Posts Q3
Light Reading Mobile
October 28, 2010
lightreading.com
Motorola, Inc. (NYSE: MOT) today reported sales of $4.9 billion in the third quarter of 2010, up 13 percent from the third quarter a year ago. Financial results related to the portion of the Company's Networks business expected to be acquired by Nokia Siemens Networks ("NSN") are reported as discontinued operations. Sales, including $871 million associated with discontinued operations, totaled $5.8 billion, up 6 percent from the year-ago period.
GAAP net earnings in the third quarter of 2010 were $109 million, or $0.05 per share, compared to $12 million, or $0.01 per share, in the third quarter 2009. On a non-GAAP basis, including discontinued operations, earnings in the third quarter of 2010 were $380 million, or $0.16 per share, exceeding the Company's guidance of $0.10 - $0.12 per share. Non-GAAP earnings, including discontinued operations, in the third quarter of 2009 were $131 million, or $0.06 per share. GAAP earnings from continuing operations in the third quarter of 2010, which excludes the portion of the Networks business expected to be acquired by NSN, were $7 million, compared to a loss from continuing operations of $90 million in the third quarter of 2009. Non-GAAP earnings from continuing operations in the third quarter of 2010 were $278 million, or $0.12 per share, up from $0.01 per share in the third quarter of 2009. ###
>> Moto Looks to Diversify, Build on Android Success
Sarah Reedy
Light Reading Mobile
October 28, 2010
lightreading.com
Motorola Inc. (NYSE: MOT)'s mobile devices business grew its operating profit for the first time in more than three years, and earlier than expected, thanks to its Droid smartphones. (See Moto Posts Q3.)
For the third quarter, Moto reported $3 million in operating profit compared to a loss of $183 million a year earlier. Total profit rose to $109 million, up from $12 million a year earlier. Helped by an $871 million sale of its network equipment unit, Moto also saw its revenue rise 6 percent year-on-year to $5.8 billion. (See Motorola Posts $162M Q2 Profit.)
Motorola shipped 9.1 million phones in the third quarter, including 3.8 million smartphones. Since the second quarter, the company has added 12 devices to its smartphone portfolio, bringing its total to 22 launched this year.
Now Moto is turning its attention to other areas that need improvement -- the mid-range of smartphones, international markets, and home networking.
Squeezing in the middle
Moto has some mid-tier phones, including the Citrus for Verizon and three new AT&T Inc. (NYSE: T) feature phones. But Motorola's head of mobility and co-CEO Sanjay Jha said it wants to step up its game here, as well as in the enterprise -- not building enterprise phones per say, but ones that CIOs wouldn't bar from business.
Moto also wants to sell more tablets to consumers and keep the average selling price of its mobility products up, although Jha noted that he's not sure if Gingerbread, Android's upcoming OS release, is the right platform for them.
It is competitive pressure that is forcing Moto to diversify in the middle, Jha admits. He spent a lot of time in the analyst Q&A dispelling concerns over its dependence on Verizon Wireless and what might happen when its key partner gets the iPhone next year.
Jha says he sees High Tech Computer Corp. (HTC):Taiwan):and Samsung Corp. as its biggest competitors in Android. To differentiate, Moto will focus on refining certain key experiences on top of Android, by building better enterprise-level functions; concentrating on MotoBlur as a service; and making sure it provides end-to-end services with customization, optimization, and support.
However, Moto may have to move away from its main form of customization, MotoBlur, if it wants to save face with Android. Jha said that the company would continue to invest in MotoBlur, a statement he's wavered on in the past, but admitted that when it’s an Android product, Google (Nasdaq: GOOG) calls the shots on the software stack.
Moving abroad
Outside of North America, Moto saw its sales grow 30 percent. It launched three smartphones in China under its MING brand, bringing its total Chinese portfolio to 13, all released within the year. Latin America, where Moto currently has 10 smartphones, is another market it will continue to focus on. Moto will also make a substantial investment to reenter into Europe, Jha said.
Connecting mobility and the home
Motorola has had its mobile devices and home business combined for the past eight months, and Dan Moloney, head of Motorola Mobility’s Home business, said that the synergies are paying off. The company is focusing on linking together MotoBlur and its IP video business to bring content to any device with the same look and feel.
"In 2011, you'll start seeing converged experiences from us and then, as we move forward, more opportunity to differentiate our products in both the home and mobile in this converged world," Moloney said. ###
- Eric - |
