Summary:

– Motorola (NYSE: MOT) Mobility: In its first results since spinning off from the Solutions part of its business, the mobile device and hom…

Motorola Xoom

Motorola (NYSE: MOT) Mobility: In its first results since spinning off from the Solutions part of its business, the mobile device and home networking division, now known as Motorola Mobility, reported Q4 revenue of $3.4 billion an increase of 21.3 percent over the same quarter last year. Net profit was $80 million versus a loss of $204 million a year ago. But although it will be launching a number of new products this quarter, including the much-anticipated Xoom Android tablet (pictured), the company said it expects Q1 to see a net loss between $26 million and $62 million, largely because of a slowdown in sales. The company has been heavily dependent on Verizon Wireless to sell its Android smartphones, but the carrier is due to start selling the iPhone next month, and that will eat into Moto’s market share. It shipped 4.9 million smartphones in the last quarter. (Release)

Qualcomm: Strong Q4 results for the chipmaker on the back of increased smartphone demand worldwide. Qualcomm (NSDQ: QCOM) reported a profit of $1.17 billion versus $841 million for the same quarter a year ago. Revenue was $3.35 billion, an increase of 25 percent year-on-year. Qualcomm shipped 118 million mobile station modem chips in the first quarter, a record for the company and a growth of 28 percent compared to the year before. (Release)

LG: A net loss for the Korean mobile and electronics giant on the back of slow sales in handsets and TVs. LG (SEO: 066570) posted a net loss of 256.4 billion Korean won ($229.3 million), compared to a net profit of 361.9 billion won for the same period a year ago. Revenues were up 1.8 percent to 14.70 trillion won. Revenue from handsets was 3.328 trillion won, a drop of about 15 percent on the same quarter a year before.The company sold 116.6 million handsets in 2010, with 30.6 million in the last quarter, and is aiming to sell 120 million in 2011. (Release)

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