With the launch of smartphone applications Motorola Inc.’s(MOT) third-quarter profit soared high above the rest. With the diverse range of Google Inc.’s software applications, Motorola has been able to ramp up its sales. Over the past few years Motorola sales had been dwindling but now the company has already released 22 models of smartphones to escalate its flagging mobile devices business.
Recently, Motorola reportedly shipped 3.8 million smartphones, as people continue to lap up the amazing smartphone applications that are available in such devices.
With the launch of holiday phones - Droid X and Droid 2 smartphones, the company has hit major sales at Verizon Wireless. Smartphone applications have seriously revived the business for Motorola as the company reported a profit of $109 million, or five cents a share, up from a year-earlier profit of $12 million, or 1 cent a share. Revenue rose by 12.8% to $4.89 billion from its previous mark.
With the launch of smartphone applications, analysts forecast earnings of 11 cents a share and revenue of $5.66 billion. Motorola is also expected to close the sale of its networks business to Nokia-Siemens by the end of the year and this too would bring in serious changes in the market.
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