Motorola rejoices, Quarterly profits rise

MotorolaMotorola is rejoicing at the moment as it pronounces a 600 percent rise in overall profits coming from Q2, and all credited to network equipment division and smartphone sales.

It has been stated that the main reason of boost were the Droid smartphones that included Droid and new Droid X, both posted a huge rise in sales. And also both devices are traded via Verizon Wireless, the U. S.' largest carrier.

In regard of this matter the large chunk of quarterly profit flew down from the company's networks equipment unit, which Motorola aims to trade with Nokia Siemens for approximately $1.2 bn.

The earnings in case of both the units came down to $162 million which supposedly has rose up from $26 million last year.

Facts suggest that Motorola has shipped 2.7 million smartphones during the quarter with 14 million units to be sent out in case of full year. Co-CEO of the company believes that the phone business will certainly be profitable by the fourth quarter, for the first time in four years.