Motorola Mobility (NYSE: MMI) which, despite its name, is focused on more than just competing with iPhone for Verizon Wireless business, saw only a slight uptick in its home business segment, according to fourth quarter figures.
The home segment, which includes Moto's cable products business, had a 1 percent sales increase but a 7 percent revenue drop during the period. It did earn $54 million, an improvement over last year's $30 million loss. The unit "remains a premier provider of digital set-tops and end to end video solutions," said CEO Sanjay Jha.
The company, one of two entities formed when Motorola split into Motorola Mobility and Motorola Solutions, posted a 22 percent revenue increase to $3.4 billion, based, primarily, on mobile device sales. Profits were $80 million compared to last year's loss of $26 million.
For more:
- see this news release
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