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Lenovo CEO Yang certain that Motorola can turn a profit

Posted: , by Alan F.

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Lenovo CEO Yang certain that Motorola can turn a profit
After the announcement on Wednesday that Lenovo is buying Motorola from Google for $2.91 billion,  Lenovo's Chief Executive Yang Yuanqing and Chief Financial Officer Wong Wai Ming answered some questions about the acquisition. Lenovo has yet to enter the U.S. market although it earlier stated its intentions to do so. According to Yang, purchasing Motorola gives Lenovo an instant entry into the states.

The executive calls Motorola a very good brand with plenty of intellectual property and a good relationship with carriers. He adds that his company will keep both the Motorola and Lenovo brands. The latter is strong in China and in emerging markets while Motorola is strong in the U.S. and Latin America. The CEO says that Lenovo might try using the Motorola name in China. He added that the company might go with something like "Motorola by Lenovo".

While Motorola was losing money under Google, Yang says that he believes that Lenovo can help Motorola turn a profit. The year after the deal closes, Lenovo expects to sell 100 million smartphones globally. As far as the deal is concerned, the executive expects no U.S. regulatory issues seeing as the handset business is a consumer business.

source: WSJ

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posted on 30 Jan 2014, 13:25 3

1. E.S.1 (Posts: 307; Member since: 14 Sep 2013)

It remains to bee seen.
Hopefully they make even better phones than before.
Like Moto X 2 for example :)

posted on 30 Jan 2014, 13:30 3

3. milesboy5 (Posts: 179; Member since: 07 Nov 2012)

Just bought the Moto X a week ago. I had the HTC One prior to owning the Moto X and could not be happier. I hope that Lenovo can get Motorola back to good shape and continue to release solid products as Motorola has just now started a comeback in the mobile industry.

posted on 30 Jan 2014, 13:27 1

2. Miracles (Posts: 560; Member since: 31 Aug 2013)

Lenovo makes some decent laptops....lets see what they got!

posted on 30 Jan 2014, 13:31 3

4. milesboy5 (Posts: 179; Member since: 07 Nov 2012)

Don't forget that Lenovo has had a few years of experience in the asian market, something that Motorola even in its glory days never accomplished.

posted on 30 Jan 2014, 13:50

5. papss (unregistered)

Since Lenovo has a good relationship with M$ I hope to see some phones pushed to WP as well

posted on 30 Jan 2014, 14:46 1

6. cornerofthemoon (Posts: 601; Member since: 20 Apr 2010)

This may be a good move after all. Google's efforts seemed to be more focused on patent rape rather than propelling the Motorola brand.

posted on 30 Jan 2014, 14:53 1

7. My1cent (Posts: 370; Member since: 30 Jan 2014)

Moto can make many good products, that won't sell!!!
...My order (Moto X) was canceled just because the shipping address and the billing address aren't the same! and their reps. are useless!!

posted on 30 Jan 2014, 14:59

8. corporateJP (Posts: 2458; Member since: 28 Nov 2009)

If he said "turn a profit", bet your house that the parts and quality will go substandard.

posted on 30 Jan 2014, 19:34

9. kaikuheadhunterz (Posts: 1157; Member since: 18 Jul 2013)

I hope Microsoft does the same with Nokia and releases devices under the Nokia brand. It would be foolish of them not to do so

posted on 30 Jan 2014, 21:57 1

10. XperiaOptimusOne (unregistered)

I read an article stating that Lenovo might surpass Samsung by 2017. I was doubtful at first but after these developments, it seems probable. What I like about Lenovo is pricing. They make decent smartphones at very affordable price points that even Samsung, Sony, LG, etc can't compete with. I'm pretty sure they can do the same with a Motorola name.That said, they can definitely compete in the US market.

Hope Lenovo can make wider Motorola line-up instead of just 2.

posted on 30 Jan 2014, 22:59

11. WindowsiDroid (Posts: 138; Member since: 22 Jul 2013)

I also did read that news that Lenovo might surpass Samsung in sales, I'm guessing that this will be the start for more better war between those phone makers because most of the people I see are holding Sammy phone which is some kind of monopoly and I want to see how Lenovo could make Motorola a profit by thinking that they could use Motorola to enter in U.S. and also penetrating in Asia coz I does't see any Motorola holders.

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