Motorola Mobility just announced its third-quarter 2011 earnings, dropping word that it shipped 4.8 million smartphones for the three months ending Sept. 30. It also said it shipped 100,000 Xoom Honeycomb tablets. By comparison, it shipped 3.8 million smartphones in Q3 2010, The Xoom wasn't available until 2011, but consider that Motorola said it shipped 440,000 of them in the second quarter. That's quite the drop.
Moto also give an update regarding its merger with Google, but didn't do much more than just repeat that shareholders will vote on the deal Nov. 17, and that it's all contingent on passing legal muster in the U.S., Europe, Canada, China, Israel, Russia, Taiwan and Turkey, and that the whole deal could be final by the end of 2011, or in early 2012. Motorola's attributing $18 million in expenses to the merger.
No conference call this quarter. Too bad. They're usually pretty juicy. Hit the link below for all the financial nitty gritty.
Source: Motorola
