Motorola Mobility posts $80 million loss in Q4

Intensified competition in the smartphone arena has resulted in Motorola Mobility’s $80 million loss in the fourth quarter, with the disappointing quarterly results further aggravated by merger costs linked to Google’s proposed $12.5 billion takeover of the company. Motorola Mobility’s Thursday reporting of its 2011 fourth quarter and full-year results revealed that even though the yearly revenue for the company witnessed a marginal rise, the year-on-year earnings during the fourth quarter plunged because of poor device sales as well as high operating costs.