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Lenovo is the biggest PC maker in the world, but smartphones remain a challenge. The company's mobile arm announced a pre-tax loss of $292 million for the three months ending in June: Motorola phones shipped stood at 5.9 million, down just less than a third from last year. The company now plans to...

August 13th 2015 at 12:35am 0 Comments
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Despite a supposedly weak PC market, Lenovo does very well, thank you. It's trying to sprinkle the same golden dust on to its latest acquisition, Motorola, and appears to be succeeding. Sales for the iconic brand are up 118 percent over last year to $1.9 billion (with more than 10 million units sh...

February 3rd 2015 at 4:01am 0 Comments
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Well, the first quarter of 2012 is officially over Motorola Mobility, and the financial news is rather sobering for the company. While revenues were up, the climb was modest, to just $3.1 billion. And that small bump in incoming cash was not enough to stave off another quarter of loses. In fact, a...

May 1st 2012 at 4:47pm 0 Comments
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Motorola Mobility has issued a regulatory filing outlining the loss of 800 jobs. The cut will cost the handset manufacturer $31 million -- that number includes $27 million in severance and $4 million to close locations. The reason for the cuts? Bloomberg suggests that it's part of an attempt to l...

October 31st 2011 at 9:15am 0 Comments