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Motorola Mobility loses $86 million in Q1, device shipments way down
Well, the first quarter of 2012 is officially over Motorola Mobility, and the financial news is rather sobering for the company. While revenues were up, the climb was modest, to just $3.1 billion. And that small bump in incoming cash was not enough to stave off another quarter of loses. In fact, after losing $80 million in Q4 of 2011, Moto lost $86 million in Q1 of 2012. The company continued to bleed cash in large part because shipments of mobile devices dropped off dramatically. Only 8.9 million devices...
Published By: Engadget - Tuesday, 1 May, 2012
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AT&T adds 61-cent 'mobility' fee to wireless bills Cnet (2 days ago) - AT&T's new "Mobility Administrative Fee" is raising wireless bills by 61 cents a month --...
