Lenovo finally closes Motorola deal, phone maker now set at 3rd position in India
China’s Lenovo has completed the purchase of Motorola from Google. The deal went down last week’s Thursday as Lenovo was made to part with $2.9 billion US Dollars in the deal.
Talking of movements, Lenovo’s stake in the Indian smartphone market share now ranks at 3rd position after the acquisition. At a global view, Lenovo currently stands at fourth position as a hairline of space stands between the company and it’s fellow national, Xiaomi — Samsung (23.8%), Apple (12%), Xiaomi (5.3%), Lenovo (5.2%) and LG (5.1%).
“Motorola and Lenovo together would be No. 3 in the market (India) which would be the case in many markets that both brands operate,” a Lenovo spokesman said. “Lenovo will continue with the same market plan in India, which is an important target market.”
Lenovo is rumored to be also interested in the purchase of BlackBerry. The best-selling PC vendor wants to strenghten it’s prowess in the mobile industry just like it did with the computer section.
You may also like
Apps developers made a fortune from iPhone users during Black Friday
Samsung’s foldable display been stolen & sold to third party for $14m
The next Samsung Galaxy S10 could be designed exactly like this
Trump asks US allies to ban Huawei after blacklisting Chinese company from US government institutions
Panic at Apple after iPhone Xs didn’t sell quite as much as manufacturer wanted – Source