Huawei in global top three for smartphone market share
According to data released by leading analyst firms Strategy Analytics and Counterpoints Research, Huawei Consumer Business Group (CBG) became the third largest smartphone manufacturer by market share, commanding 10% of the total global market. Meanwhile total worldwide smartphone shipments grew by 2.3% year-on-year in 2016, totaling 1.47 billion units. The Chinese market contributed a large part of this total figure, with 467 million mobile phones shipped for the year. Of the top five vendors, Samsung, Apple, Huawei, OPPO, and vivo, the three Chinese brands together account for almost 20% of the global market share. Huawei ranked third overall, with nearly 10% market share, maintaining steady growth despite a weaker global market. In total, Huawei shipped 139.3 million units in 2016, up 30.2% on 2015.
Despite the softening of the global smartphone market, Huawei’s annual growth in shipments shows strong momentum and continues to perform above the industry average. Shipments grew from 75 million in 2014 to 108 million in 2015 and approximately140 million in 2016. This industry-defying growth has consolidated its position as the number three global vendor.
@Technuter.com News Service
