Google quarterly finances show Motorola still losing money
This summer was a big one for Motorola. We saw the arrival of the Droid Ultra series of phones for Verizon – which we’ve been hearing discussed in a very favorable light compared to much more high-profile phones – and August brought us the launch of the long-awaited Moto X. Even with the products looking good, though, what has this all meant for Motorola’s bottom line. Well, Google just published its financial data for the quarter ending September 30, and while Google itself showed some nice profits, Motorola’s been operating at a loss.
For Q3 2013, Motorola had a gross income of $1.18 billion, but after factoring-in expenses, operated at an ultimate loss of $248 million.
Compare that to the same quarter in 2012, when Motorola took in $1.78 billion and ended up with a loss of $192 million; it may be taking in less money now, and finding itself burning through cash faster, but it also looks to be operating more efficiently – despite earning $600 million less, its losses only increased by $46 million.
To be fair, all of Motorola’s launches happened well into this quarter, so we’re probably going to want to wait for Q4 numbers before making too many judgements.