Today, Motorola announced its second quarter report of 2010, and thanks to strong smartphone sales and improved brand image, earned a cool $167 million in Q2, or $0.07 per share. This is much improved compared to Q2 of 2009, where Motorola only earned $26 million. Ironically enough, mobile sales in total were down 6% to $1.7 billion, when compared to last year's Q2. Furthermore, during the second quarter of 2010, Motorola managed to sell 2.7 million smartphones, and 8.3 million mobile handsets in total.
Motorola's recent highlights include a successful launches of its Droid X, i1 (first push-to-talk smartphone), FlipOut, and Charm, as well as the launch of its SHOP4APP app market in multiple countries. Here's Sanjay Jha, CEO of Motorola Mobility, on the matter:
CEO Jha expects to have 20 smartphones on the market, and 12 to 14 million sold, by the end of the year."The Droid X launch has been very well received and is seen as one of the best smartphones in the market today with a 4.3 inch high-resolution display, Adobe flash and an 8 megapixel camera. As we continue to execute on our business strategy, we are in a strong position to continue improving our share in the rapidly growing smartphone market and improving our operating performance," said Sanjay Jha, Motorola co-chief executive officer and CEO of Motorola Mobility. "The Mobile Devices and Home businesses remain focused on developing next-generation products to capitalize on the convergence of mobile experiences and home entertainment."
Note, the Droid X was released in Q3, not Q2, so the Q2 earnings don't reflect Droid X sales. This will be found in the Q3 report.
via Android Central