Anyone surprised by Google's decision to sell off Motorola Mobility need only glance at the company's most recent earnings report.
Google reported Thursday that it generated $1.24 billion in revenue from Motorola Mobility in the fourth quarter, down from $1.51 billion the same quarter a year earlier. To make matters worse, Motorola's operating loss increased to $384 million in the fourth quarter from $152 million in the fourth quarter of 2012.
Translation: Motorola's business is moving in the wrong direction.
The big news prior to the earnings was Google's decision to sell off Motorola Mobility to Lenovo for about $2.9 billion after having agreed to acquire it in 2011 for $12.5 billion. Read more...
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