TechCrunch reported earlier today that Motorola is getting a $2 billion infusion to make the next wave of Moto X phones.
While the announcement does not reveal any specific hardware details, the move suggests that Motorola may be moving away from the Moto X, which was launched in 2015 as a low-end smartphone.
That move would have made the company the first smartphone maker to announce a new flagship smartphone at this year’s CES.
Motorola has a history of making low-cost phones.
The Moto X was launched on March 31, 2015, and it debuted with a 3,500mAh battery.
Motorola had initially planned on making the Moto Maxx, a more powerful version of the Moto line, which launched on April 7, 2015.
That device, however, has since been discontinued.