Brendan on for George Notter's questions to Motorola Solutions Inc (MSI) leadership • Q3 2024
Question
Brendan, on for George Notter of Jefferies, asked about the video business outlook for 2025, particularly the headwind from the cloud shift, and the current shipment mix of APX NEXT radios.
Answer
Gregory Brown, Chairman and CEO, stated it was too early to provide a 2025 video headwind figure but confirmed the company is on track to meet its full-year 2024 video guidance. Jason Winkler, EVP and CFO, and John Molloy, EVP and COO, confirmed that APX NEXT devices still represent about 25% of device shipments, indicating a long runway for the refresh cycle and continued opportunities for favorable mix.