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Lenovo says its 'mission is to surpass' Apple and Samsung with the Moto acquisition
Google recently dished off Motorola to Lenovo for $2.91 billion, while holding on to a large share of Moto's patents along with the Advanced Technology and Projects group. After the acquisition, Lenovo CEO Yuanqing Yang gave an interview with Fortune regarding the deal where he talked about his plans to over take his biggest competitors, Apple and Samsung.
With Motorola, Lenovo becomes the third largest smartphone maker worldwide, and when asked how he feels about catching up to his top-seated competitors, Yang said his company's "mission is to surpass them."
It sounds as though Lenovo will market its smartphones with the Motorola brand, likely a smart choice considering Motorola's pedigree. However, Yang also mentioned there was some uncertainty regarding this issue still, saying the company will most likely "leverage the Motorola brand, but it could be something like 'Motorola by Lenovo.'"
Yang also told Fortune a little bit about how Lenovo became interested in Motorola when it split into Motorola Mobility and Motorola Solutions back in 2011, as well other plans regarding branding in certain countries. There will still be a waiting period while US regulatory groups finally green light the deal, according to reports the purchase will go through a review by the Committee on Foreign Investment in the United States (CFIUS), a group responsible for ensuring there are no national security risks taken through deals of this nature.
The Moto X is the first Motorola smartphone to be assembled in the US and the first big release since Google took over the company. The Moto X is touting out of the box customization, choose one of 18 back colors and designs, colors of the phone buttons and the ring around the lens of the camera. The X is powered by a Snapdragon S4 Pro 1.7 GHz processor, 2GB of RAM and Android 4.2.2. It also features a 4.7-inch 720p AMOLED display and comes in 16GB or 32GB versions.
The Note 3 is part of Samsung's ever-expanding Galaxy line. It features a new soft textured leather-like plastic cover, a 5.7-inch SuperAMOLED 1080p display, a 2.3GHz Snapdragon 800 CPU for LTE models or a 1.9GHz Samsung Exynos Octacore for 3G variants, a 13MP rear-facing camera, a microSD expansion slot, Bluetooth, Wi-Fi and a 3,200mAh battery.
The iPhone 5s is the Apple’s latest flagship handset. The iPhone 5s is powered by a first of its kind 64-bit A7 processor and the same 4" Retina display as its predecessor. It also includes a fingerprint reader dubbed Touch ID, HD video capture at 720p at 120FPS that can also perform slow motion at 120FPS. Battery life on the iPhone 5s is rated for 10 hours of 3G talk time, LTE browsing, Wi-Fi browsing and video.
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