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Motorola Mobility posts $80 million loss in Q4
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- Published: 28.01.2012 , 06:00:20
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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.
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