FOLLOW US

Motorola reports losses of $342m for Q2 of 2013

Alan O'Doherty
July 19, 2013

Motorola, the wholly owned Google subsidiary, reported a loss of $342 million for the second quarter of 2013, a loss which is $100 million greater than last year. Despite this, Google’s share price continues to rise as the parent company reported revenues of $14.11 billion , largely through advertising networks.

Despite Motorola’s net loss increasing it did bring in more money than this time last year – just short of $1 billion.

The future of Motorola may hang on the performance of the Moto X and it seems that Google are determined that the handset makes a splash in the market, spending $500 million on marketing the device according to TheNextWeb. However, Google have shown a commitment to long term investment, most obviously in creating the Android operating system, so it is possible that they will be willing to grant Motorola a grace period to acquire a bigger market share before cutting their losses and scrapping the brand.

 

About the Author

Share this article

We use cookies to study how our website is being used. By continuing to browse the site you are agreeing to our use of cookies.