Motorola posted a first-quarter profit of USD69 million, or three cents a share, compared with a year-earlier loss of USD231 million, or 10 cents a share. Revenue fell to USD5.04 billion from USD5.37 billion. As Motorola shifts away from low-end phones, units shipped declined by 43 percent to 8.5 million despite an increase in smartphone sales; the company said it sold 2.3 million smartphones in the quarter, up from 2 million in the fourth quarter. CEO Sanjay Jha forecasts that smartphone shipments will rise in the second quarter and expects to see profit for the mobile division this year, which posted a nine percent decline in revenue and an operating loss of USD192 million in the quarter. Motorola’s declining networks business produced USD112 million in operating profit this quarter. (Wall Street Journal)
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