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Motorola estimates 10.5 million devices shipped in Q4 2011, over half smartphones

Donald Melanson
Guest Contributor
Updated ·4 min read

We'll need to wait for the company's earnings later this month for the final numbers, but Motorola has now provided some preliminary results for the fourth quarter of 2011 that indicate smartphones accounted for more than fifty percent of all the mobiles devices it shipped. Specifically, Motorola estimates that it shipped a total of 10.5 million devices in the quarter, 5.3 million of which are smartphones (there's no further breakdown beyond that). That's up from 4.8 million smartphones in the previous quarter, although the number of total mobile devices slipped from 11.6 million. The company also says it expects "modest profitability" with estimated sales of $3.4 billion for the quarter, and it reaffirmed that it expects Google's $12.5 billion acquisition to close in "early 2012" if all goes as planned. Head on past the break for the press release.

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Motorola Mobility Provides Business Update


LIBERTYVILLE, Ill., Jan. 6, 2012 /PRNewswire/ -- Motorola Mobility Holdings, Inc. (NYSE: MMI) ("Motorola Mobility") today announced preliminary results for the fourth-quarter 2011. Although the Company has not finalized its financial results for the fourth-quarter, it estimates sales of $3.4 billion with modest profitability on a non-GAAP basis. These estimates include shipments of approximately 10.5 million mobile devices, of which approximately 5.3 million were smartphones. Motorola Mobility's fourth-quarter results were impacted by the increased competitive environment in the Mobile Device business and higher legal costs associated with ongoing Intellectual Property (IP) litigations. The Company estimates sales of $900 million for the Home business in the fourth-quarter. Motorola Mobility will issue its fourth-quarter 2011 earnings results at approximately 3:00 p.m. U.S. Central Time on Thursday, January 26, 2012.

As previously announced on August 15, 2011, Motorola Mobility and Google Inc. ("Google") (NASDAQ: GOOG) entered into a definitive agreement for Google to acquire Motorola Mobility for $40.00 per share in cash, or a total of approximately $12.5 billion. On November 7, 2011, Motorola Mobility stockholders voted overwhelmingly to approve the proposed merger with Google at the Company's Special Meeting of Stockholders.

The Company continues to work closely with Google to complete the proposed acquisition of Motorola Mobility as expeditiously as possible. The Company notes that the transaction remains subject to various closing conditions, and currently expects the transaction to close in early 2012 once all conditions have been satisfied. The Company reminds stockholders that it is possible that the failure to timely meet such conditions or other factors outside of the Company's control could delay or prevent completion of the transaction altogether.

Information on the Google acquisition can be found at investors.motorola.com.

Motorola Mobility also noted that it will be showcasing and introducing several new products at the Consumer Electronics Show (CES) in Las Vegas beginning January 10, 2012. Please visit the Company's exhibition booth at the Las Vegas Convention Center, Central Hall Booth No. 8644 to see the latest innovative products and experiences from the Mobile Devices and Home businesses.

Business Risks

Motorola Mobility cautions the reader that this communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include, but are not limited to, the expected closing date of the proposed Google transaction. Forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements including, but not limited to, fourth quarter performance and the ability of the parties to consummate the proposed transaction and the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory and other approvals at all or in a timely manner; and the other risks and uncertainties contained and identified in Motorola Mobility's filings with the Securities and Exchange Commission (the "SEC"), any of which could cause actual results to differ materially from the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. Motorola Mobility undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances or update the reasons that actual results could differ materially from those anticipated in forward-looking statements, except as required by law.

About Motorola Mobility

Motorola Mobility, Inc. (NYSE: MMI) fuses innovative technology with human insights to create experiences that simplify, connect and enrich people's lives. Our portfolio includes converged mobile devices such as smartphones and tablets; wireless accessories; end-to-end video and data delivery; and management solutions, including set-tops and data-access devices. For more information, visit motorola.com/mobility.