Motorola loses 3.6bn in last quarter

Motorola loses 3.6bn in last quarter

Motorola has announced that it made a loss of $3.6bn for the last quarter of the year, with the mobile division’s sales faring particularly badly. In its earnings announcement the company said that in the last quarter it had lost $3.58bn, compared to a $100 million profit last year. 



Greg Brown, Motorola’s president of Broadband Mobility Solutions, and Sanjay Jha, chief executive officer of Mobile Devices, said, “In the fourth quarter, we generated positive operating cash flow of $201 million and ended the year with total cash of $7.4bn.”

The company said that it did not expect the next quarter to be much better and further losses were almost certain.