From the beginning of 2014, China smartphone manufacturers’ shipment volume are dramatically increasing, including Xiaomi, Lenovo and Huawei. Strategy Analytics’ latest data shows the total shipment of China’s smartphone manufacturers account for 38% of global total, surpassing combined total of Samsung and Apple.
Xiaomi’s market share by total smartphone shipment in Q1 2014 reached 3.9% and 5.6% in Q3, becoming the third largest smartphone manufacturer in the worled, following Samsung and Apple.
Xiaomi sold 18 million smartphones in Q3 2014, and the total Xiaomi smartphone shipment had an increase of 20% in Q3 2014.
Samsung’s market share in Q3 2014 decreased to 25% according to data of Strategy Analytics. And its profit from mobile business decreased from 20% to 7% in Q3 2014. Apple’s market share in global smartphone market was 12% in Q3 2014, which was its first time to fall below 15%.
Recently, Korea Institute for Industrial Economics and Trade estimated that in the next 5 years, Chinese manufactures in shipbuilding, oil, steel, textile industry and so on will surpass manufactures in South Korea. Besides, it is estimated that China will surpass South Korea in middle and low range smartphones.
Also read: China Smartphone Offline Market Overview in August 2014
