Motorola sells 200,000 tablets, reports $80-million loss
The consumer electronics maker reported the low tablet sales and negative earnings on Thursday in its quarterly earnings report. The loss came on revenue of $3.44 billion in the fourth quarter. A year earlier, the company reported a fourth-quarter profit of $80 million on $3.43 billion in revenue.
For the full year, Motorola reported a loss of $249 million on $13 billion in revenue, up from an $86-million loss on $11.5 billion in revenue in 2010.
Product shipments are also down year over year for the fourth quarter. Motorola shipped 10.5 million phones and tablets (all of which run Google's Android operating system) in the last three months of 2011, down from 11.3 million in the fourth quarter of 2010.
In 2011 as a whole, Motorola shipped 42.4 million mobile devices, up from 37.3 million devices shipped in 2010.
Motorola also said it remains "energized by the proposed merger with Google and continue to focus on creating innovative technologies." The Google takeover is still awaiting approval from regulators in a number of countries, but Motorola said it expects the $12.5-billion deal to "close in early 2012 once all conditions have been satisfied."
-- Nathan Olivarez-Giles
Photo: Motorola's Droid Xyboard 10.1 tablet on display at Motorola Mobility's booth at the 2012 Consumer Electronics Show in Las Vegas. Credit: David Becker/Getty Images