Motorola reports wider first-quarter loss as mobile phone sales fall 45 percent

Motorola reported a first-quarter loss as mobile phone sales fell by 45 percent.

The biggest mobile-phone maker in the U.S. said revenue fell 28 percent to $5.37 billion, which missed consensus analyst estimates, as the company posted a loss of $231 million, or 31 cents a share.

Mobile device sales were down from a year ago to $1.8 billion, the company said in a statement today.

Investors want to hear what Motorola has planned for future product launches.