Lenovo officially closed its $2.91 billion deal to buy Motorola Mobility from Google, a move that immediately turns Lenovo into the third largest smartphone player in the world by market share. Lenovo, which is popular in China and many markets where Motorola doesn't play, will use a dual-brand strategy to grow the combined company's mobile businesses in emerging markets.
HALF MOON BAY, Calif.--Motorola Mobility has been through several near-death experiences in the past few years, but its impending acquisition by Lenovo will allow it to double the number of markets it competes in and ride the trend toward lost-cost smartphones, according to Motorola President and COO Rick Osterloh.
Google officially unveiled Android 5.0 with the nickname "Lollipop," in keeping with its dessert-themed names for its Android releases, and also announced three new devices in its Nexus device program.
Verizon Wireless is still in love with "Droid." The carrier sent out invitations for a media event Oct. 28, where it is expected to launch a new Droid-branded Android smartphone from Motorola Mobility, rumored to be called the Droid Turbo.
Google will release a 5.9-inch phablet later this month designed by Motorola Mobility as its latest Nexus smartphone, according to a Wall Street Journal report.
Apple maintained its dominance in the U.S. smartphone market over the summer, according to the latest figures from research firm comScore. Given the boffo opening sales weekend Apple had for its new iPhone 6 and 6 Plus, that lead is likely to swell through the fall.
The smartphone revolution has greatly expanded the size of the handset market with global revenues doubling in the last six years, as consumers substitute more expensive smartphones for their feature phones and basic phones. Yet changes have devastated most of the leading incumbent handset vendors.
Motorola announced new versions of its Moto X and Moto G smartphones as well as a new Bluetooth headset, and began selling its previously announced smart watch, the Moto 360, for $250. The company also indicated that it will continue undercutting its rivals on price in the smartphone market and that it does not plan to shrink back from smartphones, even though it is in the process of being acquired by a much larger company, Lenovo.
A clear pattern is emerging among the world's top smartphones makers as September comes into view: Almost none of them are going to use CTIA's Super Mobility Week trade show as the official launch vehicle for their latest phones and wearable devices.
LG Electronics teased in a video that it will unveil a new smart watch with a circular face next week at the IFA electronics trade show in Berlin, competing more directly with Motorola Mobility's Moto 360, which has circular design and is expected to be formally announced next week as well.