Chicago-based communications and telecommunications equipment provider Motorola Solutions Inc. (MSI) has just announced its anticipated Z2 Force Edition smartphone. The super-thin device touts a shatterproof display, thinner battery and a 360 Camera Moto Mod, a two-sided, circular camera which juts out at the top of the phone like a small periscope. (See also: Is Motorola a Great Stock for Value Investors?)
Motorola has debuted a similar type of design to the Z2 with the release of the Moto Z Force and Droid Turbo 2. Like other phones in the Moto Z line, the new Z2 model has a set of connectors on its back that allows the phone to connect to Motorola’s various Moto Mod modular accessories, including wireless chargers or game controllers. A new Moto Mod 360-degree camera will cost a whopping $300. While the phone is not officially water resistant, but Motorola says it will have a level of “water protection” that allows it to survive light rain.
Coming to All Major U.S. Carriers in August
While last year’s Moto Z Force was available only on Verizon Communications Inc.’s (VZ) network, the new Z2 version will sell for all the major carriers in the U.S. beginning Aug. 10. Price will vary by carrier, at around $750.
While the wider availability will help expand Motorola’s market reach, competition is still fierce as smart device makers including Apple Inc. (AAPL), Samsung Electronics and Alphabet Inc. (GOOG) plan to release new products in the upcoming months.
Last month, Motorola shares jumped on news of the anticipated product release and word that the company was on track to sell 3 million Moto Z devices within the line’s first year on the market. Trading up 0.2% on Wednesday afternoon at $91.57 per share, MSI reflects a 36.9% return over the most recent 12-month-period and a 10.5% gain year-to-date (YTD). (See also: Motorola Stock Jumps on News of Launch Event, Pentagon Contract.)