Motorola Mobility today reported net revenues of $3.4 billion in the fourth quarter of 2010, up 21 percent from the fourth quarter of 2009. Mobile Devices net revenues was $2.4 billion, up 33 percent from fourth quarter 2009; shipped 4.9 million smartphones. Motorola Mobility stocks went up today and here is more info from today's financial reports:
The Company shipped 4.9 million and 13.7 million smartphones in the quarter and full year, respectively, compared to 2.0 million in the fourth quarter and full year 2009. The Company shipped total handsets (including smartphones) of 11.3 million and 37.3 million in the quarter and full year 2010, respectively.
Mobile Devices highlights:
* Launched seven new smartphones in the fourth quarter, including the DROID PRO, DROID 2 Global, Motorola DEFY, and Motorola BRAVO, bringing our total smartphone launches for the year to 23. * In the first quarter 2011, announced three new smartphones and the Company's first tablet which are garnering numerous accolades. Products include:
o Motorola ATRIX 4G, winner of CNET's Best Smartphone at CES (Consumer Electronics Show) award, featuring a dual-core processor, qHD pentile display and Motorola Mobility?s proprietary webtop application that powers an ecosystem of accessories, enabling users to have an enhanced and more interactive computer-like experience with their device.
o Named ?Best of Show? at CES 2011, Motorola XOOM is the first device to incorporate Android 3.0 Honeycomb, Google?s powerful new operating system developed specifically for tablets; XOOM features a dual-core processor and high-definition 10.1 inch widescreen display.
o DROID? BIONIC features a sleek design, and delivers the fastest mobile Internet experience with 4G LTE speeds that are up to 10 times faster than current 3G speeds.
o Motorola CLIQ 2 with MOTOBLUR, the follow-up to Motorola Mobility?s first smartphone, features a 3.7-inch touch-screen display, a 1GHz processor and a new slide-out QWERTY keypad.
* Acquired Zecter, Inc., a leading start-up with synchronization and streaming technologies for on-demand digital media consumption.