Motorola has implemented its plan to divide its operations between two different companies.
The company's mobile phone division will be concentrated in Motorola Mobility, while Motorola Solutions will focus more heavily on delivering products for businesses.
Sanjay Jha, chairman and chief executive of Motorola Mobility, has hailed the move as an "important milestone".
He expressed optimism about the company's future, as devices such as the Flipside and Bravo have proved to be very successful with consumers in the last few months.
"We are well positioned to build on the strong momentum we have in smartphones and end-to-end video solutions and to take advantage of opportunities resulting from the convergence of media, mobility, computing and the internet," Mr Jha commented.
He described Motorola as a highly recognisable brand that is able to roll out innovative new devices to consumers.
Motorola Mobility is now trading on the New York Stock Exchange as what Mr Jha described as a "financially strong" and independent company.
He added that dividing the business in this way has come about after more than two years of planning.
This comes after the Motorola Droid X was flagged up as one of the best smartphones of 2010 by Relaxnews, the Independent reported.
The handset was hailed for offering features including an eight-megapixel camera, Android software, 8GB of memory capacity and a 1GHz processor.
Relaxnews described the Motorola Droid X as a "high-powered superphone" and also singled out its 4.3-inch high resolution display for praise, along with its HD video recording facility.
The news provider stated that the device offers pioneering and desirable features that have "seduced" consumers and pushed the boundaries of smartphone technology.
Indeed, Relaxnews said the devices have "improved leaps and bounds in 2010", as people can now enjoy crisp displays and capture images that are superior to those taken by actual digital cameras.