Motorola’s (MOT) cost-cutting efforts led to a surprise Q2 profit, but the company is still not picking up any pace in the mobile phone industry.
Motorola shipped 14.8 million phones last quarter, down almost 50% year-over-year. Cost cuts reduced the mobile phone division’s operating loss to $253 million from a $346 million loss during Q2 2008.
But anything that will lead to a long-term recovery for Motorola — such as the Google Android-based phones it’s working on — is still under wraps.
“We have agreements in place with carriers and remain on track to bring our new smartphone devices to market for the holiday selling season,” co-CEO Sanjay Jha said in a statement. “We are also excited about our 2010 portfolio and are pleased with the customer feedback.”
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