lenovo a516 dual core smartphone

The sale includes $1.41 billion in cash and Lenovo stock paid at the close of the deal, with $1.5 billion to be paid in a three-year promissory note, Google said in a statement yesterday. Google will retain a majority of Motorola Mobility’s patent portfolio, with Lenovo receiving a license to the intellectual property.

News of Android’s dominance of lenovo a516 dual core smartphone market in 2013 comes on the heels of Google's decision to sell Motorola to Chinese computer company Lenovo for $2.9 billion, making Lenovo not only the world’s largest PC maker, but also a force to be reckoned with in the smartphone industry. According to cbcnews, Lenovo’s purchase of Motorola is one of the first steps toward its planned expansion into the worldwide smartphone industry outside of China. It remains to be seen how Lenovo will utilize its newly acquired smartphone division, but initial stocks indicate that shareholders are wary of Lenovo’s ability to make a profit on the company's most recent investment.

The purchase price is approximately US$2.91 billion (subject to certain adjustments), including US$1.41 billion paid at close, comprised of US$660 million in cash and US$750 million in Lenovo ordinary shares (subject to a share cap/floor). The remaining US$1.5 billion will be paid in the form of a three-year promissory note.
But globally, Lenovo ranked fifth in the same quarter, with only 4.5% market share. Its acquisition of Motorola is likely to bump it up to the No. 3 spot, Yang said, but it will remain well behind leaders Samsung and US tech giant Apple, with 31.3% and 15.3%, respectively.

The back-to-back deals are all the more significant because of their timing, coming just as US President Barack Obama noted in his annual State of the Union address on Tuesday that "for the first time in over a decade, business leaders around the world have declared that China is no longer the world's number one place to invest; America is".

With Chinese investment in the US doubling to $14 billion in 2013, a larger and larger share of that capital is coming from America's rival across the Pacific -- a fact unmentioned by Obama in his speech.

Varun Goel, head of portfolio management services at Karvy Stock Broking, noted that while Lenovo has succeeded in the world of PCs, the smartphone market is "a very different ball game, with entrenched players like Apple and Samsung leading the fray".

Lenovo, which in 2005 acquired IBM’s PC business and its legendary PC brand, will now acquire world-renowned Motorola Mobility, including the MOTOROLA brand and Motorola Mobility’s portfolio of innovative lenovo s720 white smartphones like the Moto X and Moto G and the DROID? Ultra series. In addition to current products, Lenovo will take ownership of the future Motorola Mobility product roadmap.

“This fits perfectly with the strategy we have pursued for a couple of years,” Yang Yuanqing, chairman and chief executive officer of Lenovo, said in an interview. “Before, we only had PCs as a core business. Now, we’ve built two pillars: the first is enterprise, and the second is this mobile business.”