Lenovo has said it will buy back the Nexus 7 smartphone for US consumers.
Lenovo announced on Tuesday it would sell the Nexus 6P to retailers in the US, which will include a number of other US-based retailers.
The company said the Nexus was sold to consumers at a loss and that it had sold approximately 2.5 million of the devices worldwide.
“This is an important milestone in our plan to grow the global market for tablet devices and to build a more diverse set of partners to deliver the best value for consumers,” said Andrew Yoo, chief executive of Lenovo.
“As a result, Lenovo will be able to offer its flagship Android-powered tablet to US consumers.”
“This acquisition of Nexus is the culmination of our long-term strategy to expand the reach and reach of our Android-based tablet offerings across a wider set of retailers,” Mr Yoo said.
The purchase of the Nexus would be Lenovo’s first for the US.
The company had been considering the acquisition of the company since the end of 2016.
“We are proud to be a global leader in consumer technology with a global reach, and we are thrilled to join forces with Lenovo,” said John Chen, Lenovo’s vice president of consumer products.
“Lenovo is committed to supporting our customers in all their mobile device needs, from tablets to smartphones to smart TVs, and beyond.”
The Nexus was a hit with consumers, who liked the high-quality screens and powerful performance.
The devices also had a strong market presence, with more than 7 million units sold worldwide, according to research firm IDC.
Lenio also announced on Monday it would invest $2 billion in its global manufacturing business to boost manufacturing capacity.