It seems that not all is well with Motorola at Lenovo. The Lenovo Group just released their latest financial report, and they were brutally honest about the failure of Motorola to live up to their expectations after the acquisition. For the most part, Lenovo was profitable, but it was their mobile division that put a drag on that.
Lenovo pointed out that Motorola was already struggling before they chose to buy them out, and continued to do so afterwards. That was the main reason Lenovo chose to shelve the Motorola name in favor of the simpler Moto branding. This is also the reason Lenovo chose to take the reigns on the company instead of letting Moto have more autonomy as previously promised.
To be clear, Lenovo isn't placing all the blame for their reduced profits on Motorola. They admitted that they have been facing greater pressure from increased competition in China over the last couple of years. Supposedly, their new plan is to produce a much more competitive series of mobile products globally. They didn't name it specifically, but the rumored Moto Z is likely the vanguard for that new push.
Source: Lenovo News
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