Motorola Mobility lost $86 million in Q1 vs. $81 million...
Motorola Mobility lost $86 million in Q1 vs. $81 million in the year-ago period, the company said late Tuesday. The company expects its purchase by Google to close in the first half of the year. Regulators in the U.S., European…
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Union and other jurisdictions have approved the transaction, but the companies continue to wait for the approval from Chinese regulators. The manufacturer shipped 8.9 million mobile devices during the quarter and 5.1 million of those were smartphones. The company had shipped 9.3 million devices in Q1 2011, including 4.1 million smartphones. The company shipped over 100,000 tablets in the quarter versus 250,000 in the year-ago period. Motorola’s home segment posted revenue of $884 million, down 2 percent year-over-year.