May 1, 2009 | by Robert Nelson
Motorola recently announced their latest quarterly
earnings loss report, and this time they managed to beat out the previous quarters loss of $194 million. Yup, they lost even more — this time it was $231 million, but that is OK because they have an Android phone coming. Based on the most recent comments from Sanjay Jha, who is Motorola’s co-CEO, they will have “differentiated Android-based devices in stores in time for the fourth-quarter holiday season.”
Things look pretty grim for Motorola right about now, and while an Android phone may be a good thing for them, they better have something real special lined up. Especially if they want to dig themselves out of the recent $231 million loss. Other items to note from their most recent quarterly report include that handset sales were down 23 percent from the previous quarter and sales went from $7.5 billion down to $5.4 billion.