Motorola Mobility releases first quarter financial results
Motorola Mobility just announced its first quarter financial results for 2012 and things aren't looking so well.
The total revenue in this period was of $3.1 billion (out of which $2.2 billion were from mobile devices) but the company faced a net operating loss of $85 million, $24 million more than same quarter last year. Motorola managed to ship 8.9 million mobile devices, out of which 5.1 million were smartphones.
Motorola is still in the process of being acquired by Google, for which the latter paid $12.5 billion. Considering that this acquisition was purely for the patent rights, we wouldn't be surprised if Google sells it off again to someone else if Motorola continues to bleed money.