Tuesday, October 29, 2013

Huawei overtakes LG in smartphone market share during Q3

Source: http://www.engadget.com/2013/10/28/huawei-overtakes-lg-in-smartphone-market-share-during-q3/

Huawei and Lenovo now among the top five smartphone makers

Need proof that China is a crucial smartphone market? Strategy Analytics is more than happy to oblige. It just posted third quarter global market share estimates showing that Huawei has overtaken LG since the Q2 report, claiming third place with 5.1 percent of sales. This isn't the first time that the Chinese phone maker has reached such lofty heights, but it comes even as LG produced stellar results; Huawei just happened to grow faster. Researchers attributed the rise to strong sales of its higher-end Ascend P6 and the mainstream G610, particularly in Huawei's home country.

Otherwise, it's a familiar story. Samsung is still ruling the roost with 35.2 percent share, while Apple held on to the second-place spot at 13.4 percent. Huawei also isn't guaranteed to maintain its position when LG is likely to get a fourth quarter sales boost from the G2. However, it's evident that smartphone designers shouldn't get too comfy -- it doesn't take much to change the status quo.

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Source: Strategy Analytics