Now that Lenovo has acquired Motorola Mobility from Google, how is Lenovo’s latest acquisition fairing for themselves? Has Lenovo acquired a profitable company or did Google sell Lenovo a lemon? Well if Lenovo’s latest financials are anything to go by, it looks like Motorola is doing pretty well.
Lenovo’s latest financials have revealed that Motorola has managed to ship over 10 million smartphones, which according to them is a 118% year-over-year growth from the same period last year. In fact Lenovo claims that this has managed to nab them $1.9 billion in revenue and that this puts them on track to turn a profit within the next 4-6 quarters.
Motorola’s shipments combined with that of Lenovo has also made the company the third largest vendor of smartphones, placing them behind the likes of Apple and Samsung, which we guess makes the acquisition of Motorola Mobility a really great one for Lenovo. Previously Lenovo’s CEO had stated that he believed the company would become profitable in a few quarters and it certainly looks like they are on their way.
Motorola’s success in India probably had something to do with that as well. A previous report revealed that Motorola had managed to sell 3 million smartphones in the country, which was undoubtedly helped by affordable handsets like the Moto E and the Moto G.