Googles Motorola to hold Moto X phone event on August 1

Google Inc's (GOOG.O) Motorola division appears set to unveil its much anticipated Moto X phone on August 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 $12.5 billion, has steadily ceded market share to Apple Inc (AAPL.O) and Samsung Electronics Co (005930.KS), with most of its latest phones garnering relatively lukewarm receptions.

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