Google's Motorola to hold Moto X phone event on Aug 1
Published on Jul 20, 2013 6:45 AM
SAN FRANCISCO (REUTERS) - Google Inc's Motorola division appears set to unveil its much anticipated Moto X phone on Aug 1 at an event in New York City.
Email invitations sent to the media on Friday displayed the Moto X name in bold letters. The invitation depicted several youths holding the Moto X, the first smartphone Motorola has developed since its 2012 acquisition by Google.
Motorola, which Google bought for US$12.5 billion (S$15.82 billion), has steadily ceded market share to Apple Inc and Samsung Electronics Co, with most of its latest phones garnering relatively lukewarm receptions.
The Motorola business has been a drag on Google's profit margins, with Motorola's second-quarter losses totaling US$342 million.
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