Google Increases Growth While Motorola Bleeds
August 23, 2013
In the article on SlashGear titled Motorola Loss Mounts As Google Places Faith In Moto X, >Google’s earning report bears only more bad news for Motorola. According to the report, Google’s growth in fortune for the quarter only barely exceeds the smaller company’s losses. A great amount of pressure builds on the success of the Moto X phone which is set to be released later in 2013. The article explains,
“Though Google remains a growing business, they’ll be pushing for a big with with the upcoming hero phone “Moto X”… As GAAP operating loss for Motorola mounted to $342 million in the second quarter of 2013 – compared to last year’s $199 GAAP operating loss during the same quarter, it’s nothing compared to the same quarters for non-GAAP operating loss. These same quarters had Motorola lose $49 million in the second quarter of 2012 and $218 million in the second quarter of 2013.”
Motorola also plans to unroll three new DROID smartphones in partnership with Verizon in the next quarter. These will be release in the USA and most likely internationally with some small modifications. The article prompts us to wonder at Google’s manufacturing power. Their GAAP operating income for the second quarter of 2013 was $3.47 billion, up from the previous year. Their non-GAAP operating income is also up, at $4.21 billion.
Chelsea Kerwin, August 23, 2013
Sponsored by ArnoldIT.com, developer of Augmentext
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