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Motorola’s Loss Is Apple’s Gain: That $2.1 Billion Sucking Sound Is Coming From the iPhone

April 25, 2008
by Erick Schonfeld
Blogger, TechCrunch

Erick Schonfeld

Razr anyone? Motorola can’t even give those things away anymore. The once-proud company reported horrible earnings today, with sales down 21% and a net loss of $194 million. But the big takeaway was the 39% collapse in its mobile phone business. Mobile device revenues in the quarter dropped $2.1 billion compared to last year.

Coincidentally enough, that is almost exactly how much Apple made last quarter over the past three quarters on iPhone sales. That figure comes to $2.3 billion (including lumped-in sales of Apple TVs, which likely made up a very small portion of that total).

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