Motorola helps depress Google results

10/18/2012 | Bloomberg Businessweek · CNET · Computerworld · ZDNet · CNET

Google's Motorola Mobility posted disappointing results Thursday as revenues slipped by 14%, mainly due to the handset unit, Google disclosed as part of its third-quarter earnings report. The parent company missed analysts' estimates as it tries to monetize consumer shifts from PC to mobile devices. CEO Larry Page expressed optimism, noting that Google's mobile-related revenues had risen to $8 billion. One bright spot: Piper Jaffray analyst Gene Munster estimated Google sold 800,000 to 1 million Nexus 7 tablets in the quarter.

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Bloomberg Businessweek · CNET · Computerworld · ZDNet · CNET

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