Motorola Mobility Narrows Loss On Smartphone Sales
Motorola Mobility Holdings Inc. increased sales of smartphones by 9.1 percent, helping to narrow its third-quarter loss, even as shipments of its much-touted Xoom tablet ground nearly to a halt.
Motorola said it grew sales of Atrix, Droid 3 and other smartphones by 400,000 from the second quarter to 4.8 million, part of a 5.5% overall increase in mobile device sales to 11.6 million. However, its Xoom tablet computer, aimed at taking on Apple Inc.’s market-leading iPad, dropped to 100,000, less than one-fourth the second quarter results.
