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Motorola's strong Q1 stuns markets

Motorola - Colour brightens results
Motorola - Colour brightens results

The world's second largest mobile phone maker Motorola last night reported strong than expected sales and profits for its first quarter.

Net profits were $609m, compared with just $169m in the same period a year earlier. Sales jumped by 42% to $8.6 billion, way above analysts' forecasts.

Analysts said Motorola had benefited at the expense of rival Nokia, which earlier this month shocked investors by reporting a drop in sales.

The company's handset division saw sales rise 67% to $4.1 billion, boosted by the popularity of phones with colour screens and cameras.

Motorola said it expected handset sales to surge by another 60-80% in the second quarter.