POST Online Media Lite Edition



 

China beats South Korea on smartphone field

Staff writer |
According to a report by the Federation of Korean Industries (FKI) comparing industry standings of Chinese and South Korean smartphone manufacturers, nine Chinese manufacturers have toppled Samsung and LG's combined market share in Q2.

Article continues below






The nine global Chinese smartphone makers, Huawei, Lenovo, Xiaomi, Coolpad, ZTE, TCL, Vivo, Oppo, and Gionee, recorded 31.3 percent of global market share in the second quarter. Samsung and LG together had 30.1 percent global market share.

Samsung, South Korea's largest smartphone maker, contributed the lion's share of this, at 25.2 percent, shipping more than 74 million handsets.

In the second quarter of 2012, China controlled only 14.6 percent of the market, with just five vendors selling globally. South Korea had 34.8 percent market share then, more than double that of its Chinese neighbours, and Samsung dropped over 6 percent in the same period. Emerging powerhouse Xiaomi had no meaningful market share to be included.

Huawei, Lenovo, and Xiaomi combined for 17.3 percent, 5.4 percent more than the world's second-largest vendor, Apple.


What to read next

Smartphone banking users top 40 million in South Korea
India must invest more in science
South Korea-Kuwait trade exchanges reach $22bn per year