Even though Motorola Mobility
Last night, the company reported third-quarter results, with revenue rising 11% to $3.3 billion, and a GAAP loss per share of $0.11. The company shipped a total of 11.6 million mobile devices, including 4.8 million smartphones. Shipments posted a healthy sequential gain compared to the second quarter, when Motorola shipped 11 million mobile devices, of which 4.4 million were smartphones. Mobile-devices revenue jumped 20% to $2.4 billion, but it still wasn't good enough to turn a profit.
Tablets were a different story, though, as Apple's
During the quarter, Motorola attempted to relive its glory days with the Droid Razr and ripped off Apple's iPod nano with the MOTOACTV. Parent-to-be Google made good on its proclamation that it wouldn't play favorites with Motorola and unveiled the Galaxy Nexus with Samsung.
Overall, I'd say Motorola has been upping its game with its smartphone designs like the Droid Bionic and Atrix, but the XOOM can now officially be considered a failure. The company has already had to cut the price and is still having trouble moving units. It's a sad day when you're doing worse than a tablet that doesn't even have built-in email. Just wait until Amazon.com's
Google has a much better chance of making Motorola work as an investment than you do. This is one that you and I should leave alone.
Add Motorola Mobility to your Watchlist to see if Google can seal the deal. Get access to this free report on near-field communications, which is finding its way into progressively more smartphones and is set to change the industry.
Fool contributor Evan Niu owns shares of Amazon.com and Apple, but he holds no other position in any company mentioned. Check out his holdings and a short bio. The Motley Fool owns shares of Google and Apple. Motley Fool newsletter services have recommended buying shares of Google, Apple, and Amazon.com and creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.