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Google Q1 2014 results are in, Motorola continues to struggle
Google has now reported its earning for Q1 2014, and while the company generated a revenue of $15.42 billion, they actually missed the Wall Street target of $15.58 billion.
Of course, even missing analyst targets, Google still managed to increase revenue by 19% over Q1 2013. Earnings are also on the upswing at $4.12 billion. Out of the revenue generated, $10.46 billion came by way of Google sites such as Gmail, Search and Youtube — a 21% increase over last year. Adsense network revenue generated $3.4 billion, and other revenue (hardware, Google Play, etc) made up $1.05 billion and was up 48%.
In other words, Google is continuing to make money, even if it didn’t quite meet the exceptions of Wall Street. Of course, no one reading this is surprised to see that Google alive and well. What many of us are curious about, however, is where Motorola sits in all of this.
Motorola still struggling to turn things around fiscally
Motorola may be preparing to transition over to Lenovo, but it remains part of Google for now, even if Google reported it as part of “discontinued operations”. Now that the company has had the chance to get out the Moto G and Moto X to more markets, is that ship turning around? Unfortunately, it doesn’t look that way.
For Q1 2014, Motorola brought in $1.45 billion in revenues but saw a loss of $198 million, compared with an $182 million loss in Q1 2013. That’s certainly not the direction we want to see Motorola heading.
Of course, there is some light at the end of the tunnel. The Moto G in particular has done fairly well — even if it hasn’t been able to do enough to stem the bleeding — and Motorola is starting to achieve more great brand recognition in Europe and other parts of the world outside of North America.
Lenovo recently said that they believe that they can turn things around for Motorola, while still largely following through with the vision that Motorola set for itself with the Moto X and G. Whether they are simply spinning things positively for PR’s sake remains unseen.