Motorola’s Home and Networks Mobility sector grew its operating margin by four percentage points in the third quarter. The operating margin increased from 7% to 11% of sales year-on-year as set-top shipments climbed to 4.1 million compared to 2.7 million in Q3 2007.
The sector netted sales of $2.4 billion, a one per cent decrease on 2007, while operating earnings increased to $263 million representing a 65% increase. Future orders include the award of a contract to supply IPTV set-top boxes to Deutsche Telekom, announced in September.
“Our balance sheet and liquidity position give us agility and flexibility in today’s weakened global economy and turbulent financial markets. In addition, we benefit from a global customer base and a broad portfolio of products and solutions that meet the needs of our customers,” said Greg Brown, Motorola’s co-chief executive officer and CEO of Broadband Mobility Solutions.
Brown announced the company would be prioritising growth areas and was preparing to implement further cost reductions.
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Connected TV Forecasts NEW REPORT. The number of TV sets connected to the Internet will reach 551 million by 2016 for the 40 countries covered in this report from Digital TV Research, up from 124 million at end-2010. The report states that this translates to 20% of global TV sets by 2016, up from only 6% at end-2010. Published in November 2011, this 83-page PDF report is the most geographically comprehensive to ever be published.