updated 07:35 am EDT, Thu April 29, 2010
Motorola Q1 2010 continues a rebound
Motorola today kept up its recent history of upbeat results by posting both higher profits and shipping more smartphones. It had its third consecutive quarter above water and earned a net $69 million based on more advanced devices: although its total phone shipments dropped from 12 million in the fall to 8.5 million, the Droid, the Cliq line and new phones like the Devour pushed smartphones up from exactly 2 million to 2.3 million.
The overall mobile business was still a drag on the rest of the company as it lost $192 million, but the loss was much smaller than the $545 million from a year ago.
The company plans not only to continue its focus on smartphones but that it hopes to regain market share in that area in the future as it makes new devices. About 20 smartphones are due in 2010, one of which should be a Nexus One equivalent made directly for Google. Rumors have also circulated of a direct sequel to the Droid that would likely find its home on Verizon as well as the Shadow, a 1080p-capable touchscreen phone that could be ready in June or July.