Motorola profits in Q3
Apple's main PowerPC manufacturer Motorola announced a profitable third quarter on 14 per cent less sales yesterday.
The company returned sales of $6.4 billion and net earnings of $111 million, or $.05 per share in the quarter.
This represents a sales decrease of 14 per cent from $7.4 billion for the year-ago period. However - the year-ago net loss for the same period was $1.4 billion.
Motorola president and chief operating officer Mike Zafirovski said: "Our improvement in profitability in the third quarter is a solid indication that our focus on customers, coupled with the aggressive and timely restructuring of the company that began two years ago, is bearing results in a difficult economic environment."
He added: "At the same time, we continue to invest in research and development, improving customer relationships, and bringing new products to market as we balance our focus on both short- and long-term results."
<a href="http://www.macworld.co.uk/news/main_news.cfm?NewsID=5412" target="_blank">Macworld UK</a>
The company returned sales of $6.4 billion and net earnings of $111 million, or $.05 per share in the quarter.
This represents a sales decrease of 14 per cent from $7.4 billion for the year-ago period. However - the year-ago net loss for the same period was $1.4 billion.
Motorola president and chief operating officer Mike Zafirovski said: "Our improvement in profitability in the third quarter is a solid indication that our focus on customers, coupled with the aggressive and timely restructuring of the company that began two years ago, is bearing results in a difficult economic environment."
He added: "At the same time, we continue to invest in research and development, improving customer relationships, and bringing new products to market as we balance our focus on both short- and long-term results."
<a href="http://www.macworld.co.uk/news/main_news.cfm?NewsID=5412" target="_blank">Macworld UK</a>
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