Plus or minus competitor: Google sells Motorola Mobility 9




Plus or minus competitor: Google sells Motorola Mobility 9



Motorola, Google, Lenovo

One of the main competitors Apple – Google – phone manufacturer ceases to be considered: the company sells a subsidiary, the mobile division of Motorola . It became known yesterday. As the pages of the media and the “out of the mouth” of the internet giant. «Lenovo will be better able to take care of Motorola», – said in a company blog.

This is what the Chinese manufacturers and mobile business was sold. The transaction value was 2.91 billion dollars.

Recall that Google itself acquired the once prosperous American company much more expensive – for $ 12.5 billion. However, this amount includes more than 17,000 patents , most of which will not be resold. The decrease in the market value influenced by the fact that the profits did not bring Motorola Mobility: ambitious smartphone Moto X with personalization masterpiece did not, and the company is still unprofitable.

However, not only lack of income forced Google to abandon the “daughter”. As stated in the company’s official blog, the manufacturer will focus on less competitive markets: market wearable electronics and technologies for “smart home” and will actively ecosystem Android.

The Chinese side, in turn, getting famous brand, opens the door itself on the American market. “In addition, Lenovo will strengthen presence in the markets of North and Latin America, and Western Europe”, – stated in a press release. (Specify that and now the company’s affairs are going well: in the 2013, Lenovo became the world’s fifth smartphone vendor with a market share of 4.5%).
See also:

In: Technology & Gadgets Asked By: [18458 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »

Star Points Scale

Earn points for Asking and Answering Questions!

Grey Sta Levelr [1 - 25 Grey Star Level]
Green Star Level [26 - 50 Green Star Level]
Blue Star Level [51 - 500 Blue Star Level]
Orange Star Level [501 - 5000 Orange Star Level]
Red Star Level [5001 - 25000 Red Star Level]
Black Star Level [25001+ Black Star Level]