29 Oct 09 Motorola’s Q3 Financial Report Is In

Remember Motorola’s last year financial results? Motorola was suffering a lot as but things have changed now. The company has hot new phones and the future looks a lot brighter than it did last winter. The financial report for Q3 2009 is in and it shows some good numbers. Net income rose to $12 million compared to last year catastrophic $397 million loss.

Revenue dropped to $5.45 billion compared to $7.48 billion in Q3 2008. Mobile devices sales dropped 46% to $1.7 billion while mobile market share is down to 4.7%. Remember that Motorola didn’t have any hot phones to sell this year so numbers could be a lot different next year. Are you ready to buy Motorola stock?

via Motorola

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Tags: Financial Results, Motorola, Q3