News by Dan Seifert on Friday April 29, 2011.
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Motorola released its first quarter financial results yesterday silencing critics and analysts who claimed that the company had sold very few XOOM Android tablets. All was not rosy though, as the fourth place manufacturer still posted a net loss for the quarter.
Motorola reported $3 billion in net revenues, bolstered by the shipment of 8.5 million devices, 2.3 million of which were smartphones. The company also says to have shipped 250,000 XOOMs, much higher than previous analyst estimates that predicted sales of the tablet to be as low as 15,000. Revenues were up 22 percent year over year.
Despite the blockbuster sales and strong performance from the smartphone and tablet divisions, Motorola still posted a loss of $89 million, or 27 cents a share. This loss was less than the previous year though, as the company lost 72 cents a share in first quarter 2010.
Dan is MobileBurn.com's Editor-in-Chief. Based in Poughkeepsie in New York, Dan can be found on Twitter as @DCSeifert.