Lenovo's Motorola Mobility unit is opening up an "experimental boutique" retail store in downtown Chicago, not far from its headquarters there. The launch could give some luster to Motorola's brand and is a reminder that even though it is cutting jobs in Chicago it still is based in the Windy City. The rollout also reflects a growing trend among technology companies to open their own retail outlets in large cities.
The global smartphone market grew at its slowest pace since 2009 in the third quarter according to research firm Strategy Analytics, a sign that even though Apple's profits are sky high and Samsung Electronics appears to be back on the road to recovery in its mobile business, the overall smartphone market is cooling.
For Verizon Wireless and Lenovo's Motorola Mobility unit, Droid still does. The carrier teamed up with Motorola to keep the companies' years-long partnership going and unveiled two new Droid-branded smartphones, including one with a screen that is being marketed as "shatterproof."
Startup Cyanogen (a 2015 Fierce 15 winner) is adding support for several Huawei, Motorola Mobility and Xiaomi smartphones for its CyanogenMod, an open-source custom Android-based operating system, which it says offers OEMs and carriers more flexibility than stock Android software.
T-Mobile US is not forcing smartphone makers to drop support for its 700 MHz A Block spectrum using LTE Band 12, as some reports have indicated, but it does require that OEMs that want to include Band 12 support also support Voice over LTE and E911 capabilities.
Lenovo's Motorola Mobility unit will take over the company's smartphone development and manufacturing, Lenovo confirmed, as it seeks to cut costs and improve sales.
Samsung Electronics' newest phablet smartphones, the Galaxy Note 5 and Galaxy S6 Edge+, got a major media unveiling yesterday and carriers fell over themselves to offer promotions to entice customers to buy them. However, Samsung's biggest challenge may be that there are more smartphones, including phablets, coming out from rivals that offer similar specifications for much less money.
Lenovo's Motorola Mobility unit is cutting 500 jobs at its Chicago headquarters, or 25 percent of its Chicago-based workforce, as part of a broader restructuring and layoffs at its parent company. The cuts come after Motorola moved to Chicago's Merchandise Mart area in April 2014 after years of maintaining a headquarters in Libertyville, Ill.
Smartphone makers Lenovo and HTC both said they will cut jobs as they seek to increase profitability, an indication of both weakening demand in China and other major smartphone markets as well as the difficulty of Android-focused OEMs to achieve a profit.
The global smartphone market keeps on growing, it's just not growing as fast as it once did, according to industry research firms. In fact, thanks in large part to weaker sales growth in the U.S., Europe and China, the market is growing at its slowest rate in years.