Motorola Q2 earnings revealed, 2 new tablets on the way
Motorola’s Xoom may have brought about the Android Honeycomb tablet revolution, but it doesn’t seem to have profited immensely as a result. In revealing their 2nd quarter earnings, Motorola Mobility announced high revenues and low tablet shipments, but promised better futures to come.
In a conference call yesterday, Motorola CEO and Chairman, Sanjay Jha, announced that the company’s revenues in Q2 of 2011 totaled to $3.3 Billion, a 28% increase over this time a year ago. However, it doesn’t look as if the Xoom tablet played a big role in these profits, with only 440k of the 11 Million mobile devices shipped by Motorola coming from the Android tablet. In comparison, Apple managed to sell around 9.25 Million iPads in the last quarter and ASUS shipped around 400,000 Transformers in June alone.
On the other hand, Motorola doesn’t seem to have lost hope in the Android tablet market and could have more in store. According to Mr. Jha, Motorola is planning on releasing two unnamed tablet devices by the end of this year, one with a 10.1” display to rival Samsung’s Galaxy Tab and another smaller sized tablet. In addition, both tablets will be LTE equipped and would bring the total of Motorola LTE devices to "at least" five.
Motorola’s second quarter tablet earnings may have been less than optimal, but the company seems to believe that there’s room for growth. While no further specs about the tablets have been unveiled, Xoom 2 rumors have been filling the air, and we should hopefully learn something very soon.