Lenovo purchases Motorola

It is reported that Motorola mobility Company has been purchased by a huge Chinese producer in computers Lenovo.

Lenovo has paid Google, the owners of Motorola USD 2.9 billion and with that Lenovo has become to the 3rd position of smart phone producers.

With this incident Xiaomi which was in the 3rd position has come down to the 4th position.

The CEO of Lenovo has stated that by positioning a strong competitor in the 3rd position, there will be a good competition in the market.

According to the reviewers, this is a part of the plan of developing the production of smartphone and wireless accessories.

The CEO of the Company has stated that this will be a shot way of reaching to the matured market.