Xiomi mi3
The three leading China handset vendors are now No.s 3, 4 and 5 in the ranks of the worldwide top handset vendors
Xiaomi had revenues of $12 billion from 61 million phones – double its 2013 shipments says CEO Lei Jun.
Huawei says it had 2014 handset revenues of $11.8 billion on 75 million units – up 40% on 2013.
Lenovo’s full year figures are not disclosed but it is estimated by Gartner to be only 0.2% behind Xiaomi in worldwide market share and was on a 15 million unit quarterly run-rate in Q3
Lenovo may be the one to watch because it bought Motorola from Google in October for $2.9 billion (Google paid $12.5 billion for it in 2011) and will be making a massive push to be No.1 in China this year.
Q3 percentage market shares were Samsung 24.4, Apple 12.7, Huawei 5.3,Xiaomi 5.2 and Lenovo 5.
Samsung is not thought to have grown its handset sales this year while Apple is thought to have grown sales about 20%.
So, despite having three of the top 5 players, the China companies still have some way to go before wrenching the market from Samsung and Apple, but they are draining the profitability from Samsung’s mobile operation by accepting wafer thin margins.
Which will leave Apple, leaning heavily on its cachet as a prestige brand, to maintain a profitable
mobile phone business.
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via Yuichun
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