Google's smartphone unit continues to be a drag on the search giant's overall financial results. October 17, 2013 1:16 PM PDT (Credit: Motorola) Motorola Mobility has a long way to go before it gets out of the red. Related stories AOL dethrones Google at top of video-ad rankings Moto X tempts iPhone users with iCloud migration tool Google goes all gooey to sell new Nexus 7 Alleged bank robbers' Google search: 'What happens if you rob bank?' Google to support Chrome for Windows XP until April 2015 Google's smartphone unit posted a third-quarter operating loss of $248 million, wider than the year-earlier loss of $192 million, but an improvement over the loss of $342 million from the second quarter. Motorola's revenue fell 33 percent from a year ago to $1.18 billion. It was an active quarter for the struggling business, which has continued to pile on losses for Google since it was acquired more than a year ago. In the past few months, the company released its flagship phone, Moto X, which employs a unique Motomaker gimmick that allows customers to tweak the look of their phones. It also gained some buzz by placing the manufacturing facility for Moto X in the US, unlike other handset vendors. In addition, the company released the latest family of Droid smartphones for Verizon Wireless, and signed on to become the exclusive provider of Droid devices to the carrier. The adoption of Moto X has been slow, particularly as the company works to ramp up production. While its Droid phones won favorable reviews, they have been overshadowed by the iPhone 5S and Android products by Samsung. Motorola, however, appears ready to play the long game, and has a well-funded backer in Google.
Google's smartphone unit continues to be a drag on the search giant's overall financial results.
Motorola Mobility has a long way to go before it gets out of the red.
Related stories
- AOL dethrones Google at top of video-ad rankings
- Moto X tempts iPhone users with iCloud migration tool
- Google goes all gooey to sell new Nexus 7
- Alleged bank robbers' Google search: 'What happens if you rob bank?'
- Google to support Chrome for Windows XP until April 2015
Google's smartphone unit posted a third-quarter operating loss of $248 million, wider than the year-earlier loss of $192 million, but an improvement over the loss of $342 million from the second quarter.
Motorola's revenue fell 33 percent from a year ago to $1.18 billion.
It was an active quarter for the struggling business, which has continued to pile on losses for Google since it was acquired more than a year ago. In the past few months, the company released its flagship phone, Moto X, which employs a unique Motomaker gimmick that allows customers to tweak the look of their phones. It also gained some buzz by placing the manufacturing facility for Moto X in the US, unlike other handset vendors.
In addition, the company released the latest family of Droid smartphones for Verizon Wireless, and signed on to become the exclusive provider of Droid devices to the carrier.
The adoption of Moto X has been slow, particularly as the company works to ramp up production. While its Droid phones won favorable reviews, they have been overshadowed by the iPhone 5S and Android products by Samsung.
Motorola, however, appears ready to play the long game, and has a well-funded backer in Google.
