Mototola Q2 and YTD Highlights (Focus on Handsets)
• Motorola Q2 Earnings Release (PDF) here ...
tinyurl.com
• Motorola Q2 Financial Tables
motorola.com
Motorola Announces Second-Quarter Sales and Earnings Second-Quarter Highlights
• Sales of $8.7 billion
• GAAP net loss from continuing operations of $0.02 per share, including net charges of $0.04 per share from highlighted items
• Handset shipments of 35.5 million units, including shipment of the 100 millionth RAZR and initial shipments of the new RAZR2 and the multimedia MOTO Z8
• Home & Networks Mobility sales of $2.6 billion, an increase of 9 percent compared to last year
• Enterprise Mobility Solutions sales of $1.9 billion, an increase of 42 percent compared to last year, reflecting continued strong results from the Symbol business acquired in January 2007
The company’s outlook for earnings per share from continuing operations in the third quarter is flat to slightly up compared to second quarter earnings from continuing operations excluding highlighted items. This outlook excludes any reorganization of business charges associated with the company’s operating expense reduction initiatives, as well as any other items of the variety highlighted by the company in its quarterly earnings releases. While the company does not expect the Mobile Devices business to be profitable for the full year, it does expect its financial results to improve in the second half of the year.
Motorola Mobile Deviece Segement (in million USD)
Summarized below are the Company's net sales by the Mobile Devices reportable
segment for the quarters and six months ended June 30, 2007 and July 1, 2006.
·
Net Sales
---------------------------------------
Quarter Ended Quarter Ended % Change
June 30, 2007 July 1, 2006 from 2006
---------------------------------------
Mobile Devices $4,273 $7,140 -40%
·
Net Sales
---------------------------------------
Six Months Six Months % Change
Ended Ended from 2006
June 30, 2007 July 1, 2006
---------------------------------------
Mobile Devices $9,681 $13,543 -29%
·
Operating Earnings (Loss)
-----------------------------------
Quarter Ended Quarter Ended
June 30, 2007 July 1, 2006
------------- -------------
Mobile Devices $(332) $804
·
Operating Earnings (Loss)
-----------------------------------
Six Months Ended Six Months Ended
June 30, 2007 July 1, 2006
------------- -------------
Mobile Devices $(565) $1,506
Q2 2007 Handset Sell-In (Strategy Analytics & Q2 Vendor Reports to Date)
Global
Sell-In° 2005 Q1 '06 Q2 '06 Q3 '06 Q4 '06 2006 Q1 '07 Q2 '07
========= ====== ====== ====== ====== ====== ====== ====== ======
Nokia 264.9m 75.1m 78.4m 88.5m 105.5m 347.5m 91.1m Reports
32.4% 33.2% 33.5% 34.2% 35.7% 34.2% 36.9% 02-Aug
--------- ------ ------ ------ ------ ------ ------ ------ ------
Motorola 146.0m 46.1m 51.9m 53.7m 65.7m 217.4m 45.4m ~35.5m
17.9% 20.4% 22.2% 20.7% 22.2% 21.4% 18.4% ~13.3%
--------- ------ ------ ------ ------ ------ ------ ------ ------
Samsung 102.9m 29.0m 26.3m 30.7m 32.0m 118.0m 34.8m 37.4m²
12.6% 12.8% 11.2% 11.8% 10.8% 11.6% 14.1% ~14.0%
--------- ------ ------ ------ ------ ------ ------ ------ ------
SEricsson 51.1m 13.3m 15.7m 19.8m 26.0m 74.8m 21.8m 24.9m
6.3% 5.9% 6.7% 7.6% 8.8% 7.4% 8.8% ~9.3%
--------- ------ ------ ------ ------ ------ ------ ------ ------
LG 54.9m 15.6m 15.3m 16.5m 17.0m 64.4m 15.8m Reports
6.7% 6.9% 6.5% 6.4% 5.8% 6.3% 6.4% 20-Jul
--------- ------ ------ ------ ------ ------ ------ ------ ------
Others 197.2m 46.9m 46.4m 49.9m 49.4m 192.6m 38.1m
24.1% 20.7% 19.9% 19.3% 16.7% 19.0% 15.4% 02-Aug
========= ====== ====== ====== ====== ------ ------ ------ ------
Total 817.0m 225.7m 234.0m 259.0m 295.6m 1,014.7m 247.0m ~267.0m³
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
========= ====== ====== ====== ====== ====== ------ ------ ------
Growth YoY +20.1% +29.6% +25.0% +22.4% +22.0% +24.7% <11.0% +14.1%
·
° Strategy Analytics for CY 2005/2006 and Q1'06 through Q1 '07
¹ Motorola preannounced 35m to 36 million units. Official results on July 19
² Official by Vendors (Sony Ericsson and Samsung)
³ My revisewd preliminary global unit sell-in WA guesstimate
Key Handset Manufacturers Handeset Metrics for Q1 2007¹
Nokia² Motorola Samsung SEricsson LG
=========== ========== ========== ========== ==========
Revenue (EUR) €8,161 Bil €4.061 Bil €3.491 Bil €2,925 Bil €1.726 Bil
Revenue (USD) $10,876 Bil $5.412 Bil $4.652 Bil $3,898 Bil $2.300 Bil
Units 91.1m 45.4m 34.8m 21.8m 15.8m
Sell-In Share³ 36.9% 18.4% 14.1% 8.8% 6.4%
ASP (EUR) €89 €89 €116 €134 €113
ASP (USD) $119 $119 $155 $179 $150
Op. Margin 16.2% -4.8% 13.0% 11.8% 6.6%
Op. Profit (EUR) €1.322 Bil Negative €0.485 Bil €0.346 Bil €0.114
Op. Profit (USD) $1.761 Bi ($0.260 Bil) $0.646 Bil $0.461 Bil $0.152
·
¹ Currency conversions at Q1 ending March 30, 2007 Interbank rate
² Nokia combines 3 division's handset sales: Mobile Phones, Multimedia, and
Enterprise Solutions (which is not all device revenue).
³ Based on Strategy Analytics May 10 estimate of 247m Q1 Sell-In
Q2 Motorola Summary Reporting Year to Date with Comparative Q1 and Q2 Key Metrics
Q1 2007 Q2 2007
Motorola¹ Motorola¹
=========== ===========
Revenue (EUR) €4.061 Bil €3,112 Bil
Revenue (USD) $5.412 Bil $4,189 Bil (+29.2% QoQ, -40% YoY)
Units 45.4m 35.5m (-21.8% QoQ, -32% YoY)
Sell-In Share³ 18.4% ~13.3% TBD, but down ~5 ppt.
ASP (EUR) €89 €89 (-7% QoQ)
ASP (USD) $119 $120 (+1% QoQ)
Op. Margin -4.8% -8.0% (-14% QoQ, +13% YoY from 8.9%)
Op. Profit (EUR) €0.346 Bil €0.247 Bil
Op. Profit (USD) ($0.260 Bil) ($0.332 Bil) (-28% QoQ)
·
¹ Currency conversions at Q1 & Q2 ending Interbank rates.
² Q1 based on Strategy Analytics May 10 estimate of 247m Sell-In. Q2 Estimated.
Caveat:
The usual applies. I may have inadvertently made typos, transposition errors, currency conversion errors, or calculation errors, in compiling table data in this post. If anyone spots one, please advise.
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- Eric (IC) -
