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Google Q3 earnings are huge, while Motorola Mobility takes a dive

18 October 2013
Tags: Motorola, Google

Success means money, money means power, and Google means all of the above. The Mountain View company had yet another strong quarter, the third one in 2013, reporting a revenue of $14.9 billion.

Compared to last year's Q3 performance, this stands for a 12% year-over-year growth.

Google Q3 earnings are huge, while Motorola Mobility takes a dive

Google CEO Larry Page seemed especially excited with the Chromecast streaming dongle, which the company released earlier this summer.

He also expressed his delight with the fast-growing multi-screen market and pointed at wearables like the Google Glass and smartwatches as a huge source of revenues for the future.

On the other hand, Motorola Mobility, which Google purchased in 2011, marked a decline in revenue compared to the same period last year.

In Q3 of last year, the phonemaker made $1.78 billion in sale, but somehow it all went downhill this quarter, all the way to $1.18 billion.

Clearly, the launch of the Moto X didn't reach the level of sucees that everyone had wished for. To make matters worse, the company also reports a loss of $248 million.

Despite the Motorola setback, Google's positive financial report even beat the Wall Street targets, which led to an increase of 10% in pre-market trading, reaching nearly $980 per share.

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