The reference news network reported on June 26 that the Russian media said that IC Insights data from the US market research organization showed that nine Chinese smartphones manufacturers are on the list of top twelve mobile brand ranking in the world.
According to a report by the Russian Satellite News Agency on June 23, Huawei became the third-largest smartphone maker in 2017 and issued more than 153 million mobile phones. Followed by OPPO and Vivo, which belong to BBK Electronics, a total of 213.2 million smartphones were supplied. Xiaomi ranked sixth. The company increased its supply by 73% to 91.7 million.
According to reports, the nine Chinese smartphone manufacturers that entered the list of IC Insights produced 626 million smartphones altogether, an increase of 11% from 2016. The total share of Chinese companies in the world market has risen to 42%. In contrast, in the previous two years, the indicator was at 38% and 34%.
The report said that the list also includes two Korean companies Samsung and LG. Samsung ranked first, while LG ranked seventh. Apple occupied the second position. In 2017, these companies supplied 533 million mobile phones, increasing their total share in the global market to 36%.
IC Insights experts believe that Chinese vendors Huawei, OPPO, Vivo, and Xiaomi are becoming Samsung and Apple’s larger competitors in the smartphone market. However, in terms of prices, Chinese companies cannot currently compare with the industry leaders because most of the latter’s smartphones cost more than $200.
The report said that according to IC Insights’ assessment, there were 1.5 billion smartphones entering the market in 2017. In 2018, the global smartphone market will gain a real growth of 2% to 1.53 billion. It is expected that we will see similar growth rates by 2021.