Google owned Motorola Mobility will soon be exiting India & Asia-Pacific markets, as part of their efforts to cut down on losses. BGR India is reporting that the industry sources have confirmed the exit. Earlier this month, Google had confirmed the reports of cutting down almost 4000 jobs globally. So this news, although sad, should not come as a major shock for anyone.
According to BGR India, Motorola plans to continue the sale of its products till stocks last, while its service centers will continue to function for the time being. We are getting independent reports of Motorola clearing up its offices in Hyderabad & the building is already out up on sale.
@rajupp I saw the Motorola logo in their building at Hyderabad removed a few days back. Had a feeling that something was going on.
— Gouthaman (@gmanka) August 29, 2012
Motorola plans to shut shop in all countries of Asia Pacific but for Australia and Korea. Moto had made it clear that they will shut almost 30% of their 94 offices across the globe. Now it appears that axe has fallen mostly on APAC development centres. Google is clearly miffed with continuous loss making quarters of Motorola Mobility, which they bought for a whopping $12.5 billion exactly an year ago. Now they plan to cut down on the number of devices, exit unprofitable markets and concentrate on few flagship models in the coming years.
If you own a Motorola smartphone, maybe it’s the right time to sell it off.
[via] BGR India