Motorola reports net loss of $56 million for Q2 2011

Motorola has released it’s Q2 2011 results and has announced that it has sold 440,000 Xoom Tablets and 4.4 million Smartphones during this quarter.

Motorola Mobility has posted a net revenue of $3.3 billion and a net loss of $56 million for the Q2 2011. During the same quarter last year, Motorola Mobility has posted a net profit of $80 million.

Motorola has shipped a total of 11 million handsets during this quarter, out of which are 4.4 million smartphones. Motorola has sold only 2.7 smartphones during Q2 2010. Motorola has earned a net revenue of $2.4 billion from Mobile Devices and posted an operating loss of $85 million.

“In the second quarter, Mobile Devices launched several new smartphones in the U.S. and markets around the world. Revenues grew over 40 percent driven largely by Latin America and China where sales more than doubled year over year. Our Home business delivered another strong performance, and we introduced several innovative products and services for next generation multi-screen video solutions.

With a focus on profitable growth and delivering differentiated LTE smartphones and tablets, we expect to achieve profitability in Mobile Devices in the fourth quarter and for the full year 2011″, says Sanjay Jha, CEO of Motorola Mobility.

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