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Lenovo CEO says he can turn Motorola losses around very quickly

Lenovo CEO has grand plans to quickly stem Motorola losses.

@anthony256
Published Thu, Feb 13 2014 2:31 AM CST   |   Updated Mon, Oct 19 2020 8:15 PM CDT

When Lenovo purchased Motorola Mobility from Google, it cost them $2.91 billion in stock and cash, but then Motorola posted a $384 billion operating loss for Q4 2013 - not good.

Lenovo CEO says he can turn Motorola losses around very quickly | TweakTown.com

Well, Lenovo CEO, Yang Yuanqing, has said that he can quickly turn Motorola around within months - not years, like most have expected. He told Bloomberg: "In a few quarters we can turn around the business". He continued: "I am confident that from day 1 after closing, these businesses will quickly begin contributing to our performance and develop into pillars for long-term, sustainable growth".

They're definitely fighting words, but how will Lenovo pull it off? Well, the above plan should work - it shows why Lenovo acquired Motorola, and how it will realize growth from the deal, too. Lenovo plans to relaunch the Motorola brand in China, as well as emerging markets, where it will add entry-level handsets from Motorola to its growing list of options.

NEWS SOURCE:theverge.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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