BEIJING, Dec 08, 2010 (SinoCast Daily Business Beat via COMTEX) — Motorola (China) Electronics Ltd. will complete its final spin-off and restructuring on January 4, 2011. By then, the mobile terminal subsidiary of Motorola Inc. (NYSE: MOT) will become an independently listed company.
Frank Meng, Motorola’s corporate vice president and president of Greater China for the Mobile Devices business, releases the news, saying that the company has launched 20 models of smart phones in China since the beginning of 2010 and more terminals will be promoted next year.
Meng reveals that Motorola will continue focusing on the promotion of smart phones based on the Android operating system of Google Inc. (Nasdaq: GOOG). In the first quarter of 2011, the company will also launch tablet computers compatible with Android.
Meng points out that Motorola has stepped out of its downturn and its mobile terminal business made profits for the first time since three years ago in the third quarter of 2010.
Its China Region has also suspended losses and will boost Motorola’s profit making in the future two to three quarters. China is currently the company’s largest oversea market, where its inputs have totaled USD 3.2 billion.
Source: www.yicai.com (December 08, 2010)
Article via TMCnet
Motorola to Launch More Smart Phones in China
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