Global smartphone shipments totaled 1.167 billion units in 2014.
Chinese companies accounted for nearly 40% of global smartphone sales and represent six of the top 10 smartphone brands worldwide in 2014, according to a new report from TrendForce.
“2014 was definitely an impressive year for Chinese brands as they gained more share of the global market,” explained Avril Wu, TrendForce Global Smartphone Analyst. Total worldwide shipments totaled 1.167 billion units last year, with combined shipments of Chinese brands surpassing 453 million units.
Atop the list of vendors was Samsung who lead the pack with 28% market share, with Apple not far behind at 16.4%. Lenovo, with Motorola under its wing, ranked third after shipping over 90 million smartphone last year. LG, Huawei and Xiaomi followed with 6.0%, 5.9% and 5.2% market share, respectively.
TrendForce notes that Xiaomi has had a particularly strong showing in recent years, having doubled in growth YoY since 2011. “As for the smartphone makers with the best cost-performance products, the title goes to Xiaomi. Its flagship models cost around $300 to $350, but they match their high-end counterparts from international vendors in hardware specs.”
Other notable names rounding out the list included Coolpad, Sony, ZTE and TCL. By 2015, TrendForce projects that three of the top five companies will be Chinese.