Motorola posts $26m Q2 profit, promises cheap Android thrills, does a little dance
byDarren Murph||July 31st 2009 at 8:44amJuly 31st 2009 8:44 am
See that image there on the right? Yeah, it's a pretty drastic departure from the Sad Moto™ face that had become all too common when talking about the company's financials. Just a quarter after posting a dreadful $291 million loss, the outfit responsible for creating the RAZR and then doing nothing for half a decade is finally showing a profit once more. The Q2 numbers show an "unexpected" $26 million profit on sales of $5.5 billion, $1.8 billion of which came from the handset division. Of course, that very division managed to lose $253 million and see its global market share slip to 5.5 percent, but with a big bang from Android reportedly just months away, CEO Sanjay Jha ain't taking time to frown.
Just hours after the Verizon-branded Sholes smartphone surfaced, Mr. Jha was quoted as saying that two Android devices would be "in stores for the holiday season," with launches occurring on "two major carriers in North America and multiple carriers outside the US." He also noted that plans were in place to ship "several additional Android-based devices in the first quarter of 2010," but details beyond that were vague. So, is this the beginning of a new, happier Moto? Our aged copy of Photoshop certainly hopes so.