Motorola Mobility announces Q3 earnings: $3.3 billion in revenue, $32 million net loss, details on Google buyout
Motorola Mobility has announced their Q3 earnings this afternoon, reporting $3.3 billion in revenue up 11% from Q3 of 2010 and a net loss of $32 million, which is better than Q3 of 2010’s $56 million net loss. Motorola Mobility also announced that they sold 100,000 Xoom tablets and shipped 4.8 million smartphones in Q3.
In the press release, seen after the break, Motorola Mobility shed some more light on their on-going acquisition by Google. November 17th the company will hold a meeting with shareholders to gain approval, and also has current pending approvals from the US Department of Justice, European agencies, and other governments around the world. The deal is expected to close by the end of 2012.