Motorola announced continued losses, posting a loss of $194 million, or 9 cents per share compared with a loss of $181 million, or 8 cents a share in the year-ago quarter. Net sales fell from $9.43 billion to $7.45 billion, year-over-year.
The struggling handset maker, which has been losing market share steadily over the last year, said it sold 27.4 million handsets during the first quarter, down from 45.4 million for the same period last year. Sales for the Mobile Devices unit were $3.3 billion, down 39% compared to the year-ago quarter. The unit’s operating loss was $418 million, compared to $233 million in the year-ago quarter.
The company said its global market share slipped to 9.5%, from 17.5% one year ago.
“During the first quarter, we made an important strategic decision to separate the company, creating two independent, publicly traded entities,” said Greg Brown, Motorola’s president and CEO, in a statement. “Improving the product portfolio in Mobile Devices and positioning both businesses for future success remains a top priority.”
