Motorola Mobility has announced its fourth quarter and full-financial year results today. Company revealed the number of shipped smartphones and tablets in these results and only 1 million tablets were shipped by the company in the last year. On the smartphone front, company shipped 18.7 million smartphones.
While the smartphone shipments were decent, tablet shipments were certainly a disappointment for a company that was the first to release a Honeycomb tablet.
Company also announced that it expects the merger with Google to complete in early-2012. It is currently waiting for regulatory approvals; clearances have been received from Turkey and Russia, while EU, US, Canada, China, and Canada are still conducting their investigations.
You can read full press release here.
Here is a small abstract related to mobile devices:
Mobile Devices net revenues in the fourth quarter, impacted by the increased competitive environment, were $2.5 billion, up 5 percent compared with the year-ago quarter. The GAAP operating loss was $70 million compared to operating earnings of $72 million in the year-ago quarter. The non-GAAP operating loss was $19 million compared to operating earnings of $56 million in the year-ago quarter. For the full year 2011, net revenues were $9.5 billion, an increase of 22 percent compared to 2010. The 2011 GAAP operating loss was $285 million compared to an operating loss of $76 million in 2010. The 2011 non-GAAP operating loss was $126 million compared to an operating loss of $198 million in 2010.