With Lenovo purchasing Motorola for $2.9 billion, the worlds leading PC vendor is getting serious about the phone market. However, with a growing Lenovo-branded phone business in Asia and a profitable ledger, many will wonder why this successful company would want to acquire one thats bleeding money. However, in a conference call, Lenovo CEO Yang Yuanqing said he believes that, with the proper investment of resources, Motorola can sell 100 million phones a year — Apple sold around 150 million in its most recent four quarters — and even bring the Moto brand to China.
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