In case there was any doubt, China can now make a strong claim to being the center of the mobile revolution.
Chinese companies accounted for almost 40 percent of all smartphone sales in 2014 and occupy six of the top 10 spots for number of units sold, 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,” Avril Wu, global smartphone analyst at TrendForce, said in the report.
Samsung of South Korea, still leads the world with 28 percent market share, down from 32.5 percent in 2013. Apple is second, with 16.4 percent, just a tad off from 16.6 percent in 2013. That Apple number can be a bit deceiving. TrendForce said Apple sold 24.5 percent more smartphones last year.
LG and Sony also made the top 10 at the fourth and eighth spots respectively.
The rest of the list is now dominated by Chinese companies who are still collectively smaller than Apple and Samsung but are growing much faster.
A big part of this surge, of course, is due to the completion of Lenovo’s acquisition of Motorola last year. According to TrendForce, Lenovo, with Motorola under its wing, shipped more than 90 million smartphones and more than doubled in size last year in terms of its smartphone sales. It is now the number one Chinese smartphone vendor and ranks third globally with a 7.9 percent market share, according to TrendForce.
Huawei ranks fifth, while Xiaomi ranks sixth for global smartphone sales. Xiaomi, TrendForce notes, is coming on particularly strong as it has doubled in growth each year since 2011. Late last year, Xiaomi raised $1.1 billion giving it a $45 billion valuation.
Other Chinese brands on the list include Coolpad, ZTE, and TCL. By 2015, TrendForce projects, three of the top five companies will be Chinese.
Overall, TrendForce says global smartphone shipments grew to 1.167 billion units in 2014, a year-on-year increase of 25.9 percent.
Apple designs and markets consumer electronics, computer software, and personal computers. The company's best-known hardware products include the Macintosh line of computers, the iPod, the i... All Apple news »
With over $30B+ in sales, Lenovo is the fastest growing major PC maker. The company climbed to number 2 in worldwide PC market share and continues its fast ascent. Today, Lenovo is a global ... All Lenovo news »
Samsung Group is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. It comprises numerous subsidiaries and affiliated businesses, most of them united und... All Samsung news »
LG Corporation is a South Korean multinational conglomerate corporation. It is the fourth-largest company of its kind in South Korea, following Samsung Group, Hyundai Motors Group and SK Gro... All LG news »
Xiaomi Inc. is a privately owned company that designs, develops, and sells Internet services and consumer electronics. Xiaomi offers a suite of Internet services such as MiCloud, Xiaomi App ... All Xiaomi news »
TE is a leading global provider of telecommunications equipment and network solutions. Founded in 1985, ZTE Corporation has been listed as an A-share company on the Shenzhen Stock Exchange s... All ZTE news »