by Adam Benjamin | May 30, 2013 9:25 am
Here’s a bit of good news for the jobless reports.
Motorola Mobility — a recent acquisition of Google (GOOG) — announced that its upcoming Moto X phone will be produced outside of Fort Worth, according to Bloomberg News. Motorola Mobility’s CEO said the move should create about 2,000 jobs. The actual manufacturing will be handled by Flextronics (FLEX), resulting in the first smartphone ever created in the U.S.
Google bought Motorola Mobility last year for $12.4 billion — the most it has ever spent on an acquisition. Bloomberg points out the U.S.-based approach follows Apple’s pledge to start manufacturing Mac computers domestically.
Hopefully Texas will make an exception to its “everything’s bigger…” slogan for the smartphone, which is expected to release in October.
Adam Benjamin is an Assistant Editor of InvestorPlace. As of this writing, he did not hold a position in any of the aforementioned securities.
Source URL: http://investorplace.com/2013/05/say-hello-to-the-first-made-in-america-smartphone/
Short URL: http://invstplc.com/1fukLes
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.