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Report Shows that Motorola Could Become Google’s Surface

Motorola isn’t doing very well as a part of Google. In Google’s most recently reported quarter, Motorola garnered revenue of $1.18 billion. Not a small number, but a mere 8% of its parent company’s consolidated revenue. And, in the comparable third quarter of 2012, its revenue totaled $1.78 billion.

That’s a decline of 34% in a year, even with Motorola launching its much-hyped Moto X smartphone.

That’s only half the picture, however, as Motorola loses quite a lot of money: $248 million in the quarter. Google sums this well, noting that the loss was “-21% of Motorola Mobile segment revenues.” Motorola lost $192 million in the year-ago quarter, so the trend here isn’t positive.

 

Read the full article here:

http://techcrunch.com/2013/10/18/motorola-is-becoming-googles-surface/

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