#lenovo motorola

Motorola has just launched its latest midrange smartphone in the country -- Moto M. A few days ago, Xiaomi was reported as the third largest handset maker in the world but it looks like the victory was short-lived as Lenovo has finalized its acquisition of Motorola Mobility, leaping ahead of its rival and now claiming the third spot. Xiaomi's market share for Q3 of 2014 was at 5.3%, ranking below Samsung and Apple but above Lenovo which is at 5.2%. However, after 24 hours, Lenovo catapulted itself in third place when it completed its acquisition of Motorola Mobility on October 30 with a new market share of 7.4%. sorry it only lasted for 24 hours until the @Motorola @lenovo deal closed - we're 3 now!— Rick Osterloh (@rosterloh) October 30, 2014 As for the other top handset manufacturers, Samsung still leads at 23.8% market share, followed by Apple at 12.0%. But considering Xiaomi's year-over-year growth rate, let's see if Lenovo/Motorola can maintain its position. In a surprising news, Google has agreed to sell its newly-acquired phone company, Motorola, to Lenovo for just $3 billion. Google bought Motorola 2 years ago for $12.5 billion (story here). Read more in our articles including "Moto M: Initial Camera Impressions" and "Lenovo overtakes Xiaomi as world's third largest".