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Strong Android Sales Help Motorola Rediscover Its Mojo

Oct 28, 2010, 19:02 (0 Talkback[s])
(Other stories by Larry Barrett)

"After years of enduring an unfettered free fall, Motorola's mobile device business rallied to deliver a profit in third quarter, the first time that's happened in three years, almost exclusively on the back of strong demand for Android-based smartphones like the Droid X.

"Motorola (NYSE: MOT) said its mobile phone unit returned an operating profit of $3 million in the third quarter, and shipped more than 9.1 million phones -- including 3.8 million smartphones. In the year-ago quarter, Motorola's mobile phone unit lost $183 million as the company continued to lose relevance in a market it once dominated.

"In total, the Schaumburg, Ill.-based company pocketed $109 million, or $0.05 a share, on sales of $5.8 billion, up 6 percent from the third quarter of last year."

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