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MOTOROLA ON A ROLL |
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Written by Adam Gosling
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Thursday, 20 October 2005 |
Thanks to the booming popularity of its mobile phone handsets, the Razr has played a big part in Motorola posting a record Quarter for sales and profit.
Reaching a record of US$9.42 billion in revenues, up from US$7.50 billion a year ago the mobile phone company increased its global market share since 3rd Quarter 2004 by 5.5 per cent to claim 19 per cent of the market.
The result pushed Motorola’s net profit up by a factor of three - US$1.75bn compared to US$479m a year earlier.
“We are very excited about our record third-quarter results and overall performance year-to-date,” said Ed Zander, chairman and CEO. “Excluding reorganization charges, all four of Motorola’s businesses grew profitably during the quarter – a testament to the hard-working and dedicated talent across the global Motorola organization. We are especially pleased with the record results achieved by our Mobile Devices business for unit shipments, sales and profits. Motorola continues to deliver compelling products and solutions to our customers who embrace our vision of seamless mobility.”
In the handset area, sales were up 41 per cent for the year. The company shipped 38.7 million handsets. In the carrier segment sales were US$1.6 billion, up 7 per cent compared with the year-ago quarter. In the Connected Home Solutions Segment sales were up 28 percent year-on-year as the company shipped its 40 millionth set-top box.
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