As far as the consumer is concerned, there’s next to no tangible evidence that Google’s $12.5 billion acquisition of Motorola has had any effect whatsoever. To be fair, we were promised that Motorola wouldn’t be given preferential treatment.
However, behind the scenes, Google execs are reportedly rolling around in a big bed of dollars, as the Motorola money is rolling in.
Google says its acquisition has generated $1.25 billion, with roughly $843 million of that mammoth figure coming after the acquisition.
I’m no economist type guy, but, had Motorola soldiered on alone, it reportedly stood to lose $38 million. Zuh? While the Droid Razr Maxx was a success in the US, that was negated by a decline in sales of basic phones elsewhere.
CEO Larry Page yelled: “Google standalone had a strong quarter with 21% year-on-year revenue growth, and we launched a bunch of exciting new products at I/O – in particular the Nexus 7 tablet, which has received rave reviews.
“This quarter is also special because Motorola is now part of the Google family, and we’re excited about the potential to build great devices for users.”
If you’re into income and revenue and profit margins and that, you can read about Google’s Q2 results in massive – seriously massive – detail over at Google Investor Relations.