Motorola Mobility posted an $80 million loss in Q4 versus $80...
Motorola Mobility posted an $80 million loss in Q4 versus $80 million profit in Q4 2010 partly due to intense competition, it said late Thursday. The company shipped 10.5 million mobile devices in the quarter, including 5.3 million smartphones. It…
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sold 200,000 tablets in the quarter and 1 million for all of 2011. The company still expects its $12.5 billion acquisition by Google to be completed early in the year. Regulatory approvals have been received in Turkey and Russia. The Chinese Ministry of Commerce proceeded to phase two in its investigation in December. In February, the European Commission is expected to announce whether it will close its investigation or proceed to a phase two investigation, Motorola said. The statutory waiting period for the transaction has expired in Canada and the U.S., but the companies were told the reviewing agencies haven’t closed their investigations, Motorola said. Meanwhile, the company’s home segment saw its Q4 revenue drop 11 percent year-over-year. Set-top shipments were down 3 percent year-over-year in the quarter. Full year set-top shipments were up 6 percent year-over-year.