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Saturday, 16 November 2013

Lenovo Is Now World's Third Biggest Smartphone Maker Title

Posted on 05:27 by Unknown

Lenovo pushed LG aside in the third quarter to become the number three global smartphone maker for the first time. 

Lenovo's smartphone sales grew to 12.9 million units, up a whopping 84.5 percent year over year, thanks to a surge in sales from the Chinese market. In the same period last year, Lenovo had 4.1 percent of the global market but in 2013, the company brought down 5.1 percent of the market. "Lenovo continues to rely heavily on its home market, which represents more than 95 percent of its overall mobile phone sales. This could limit its growth after 2014, when the Chinese market is expected to decelerate," said Anshul Gupta, principal research analyst at Gartner. Earlier this year, Lenovo expressed interest in broadening its mobile sector by looking into acquiring BlackBerry. The Canadian government stepped in and stopped that bid before it even started citing security concerns over handing over BlackBerry to a Chinese company. 

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In the top two spots for smartphones were, unsurprisingly, Samsung and Apple in first and second respectively. In the third quarter, Samsung has 32.1 percent of the market, the same share it had last year, selling a whopping 80.3 million devices. Apple's share declined slightly from last year from 14.3 percent of the market to 12.1 percent but still shipped 30.3 million iPhones in the quarter. Other companies in the top ten were LG, Huawei, and Nokia at four, five, and eight respectively. In the overall mobile phone market, meaning more than just smartphones, Lenono ranked seventh. 

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