Motorola has tripled its net profit from this time last year to $1.75 billion, compared with $479 million last time around. Quarterly sales rose 26 percent to a new high of $9.42 billion. Motorola claims it has increased its cell-phone market share to 19 percent, up 5.5 percent from a year earlier. Its sales of handsets also increased 41 percent from a year ago; Motorola shipped 38.7 million handsets during the third quarter. The company's flagship Razr phone continued to set the pace with more than 6.5 million units sold. In hopes of building on that momentum, the company started shipping two new phones from the Razr family after the quarter ended. Motorola did not release stats on the assumed poorly selling ROKR iTunes phone, which was released late in the quarter.
For more on Motorola tripling its profit:
- see this piece from the BBC