Motorola Mobility posts $86 million loss in Q1, ships 5.1 million smartphones

Things are not looking so good for Motorola. The company has released its Q1 financial results, and despite great phones like the RAZR and RAZR Maxx, the company continued to lose money.

During Q1 of 2012, Motorola Mobility posted a $86 million loss for the, $5 million more than the same period one year ago. Overall, the company posted revenues of $3.1 billion with $2.2 billion coming from its mobile device business, which depends on the sale Android-powered smartphones.

Alltogether, the company shipped over 8.9 million mobile phones, with 5.1 million of them being smartphones running on Google’s Android operating system.

Unfortunately, things aren’t looking good for Motorola tablets. Although the company revealed the number of tablets shipped for each quarter in 2011, no data on the number of tablets shipped were divulged this time around. In Q4 of 2011, the company shipped a low 200,000 tablets.

Will things turn around for Motorola once under the wings of Google? Only time will tell. The only hurdle keeping the deal from going through is approval from Chinese authorities.

Source: Motorola Mobility | via Fierce Wireless