Huawei Ranks as Top Chinese Smartphone Brand According to TrendForce Report

by Martin 0

Huawei once again takes the top spot in the Chinese smartphone market in the third quarter of 2015 according to a report by statistics agency TrendForce.

huawei-top-chinese-brand-trendforce-02According to the report, Huawei is the #1 ranking Chinese smartphone manufacturer with a market share of 18.7% in the third quarter of 2015. It was also the top ranking Chinese manufacturer during the second quarter of 2015 with a market share of 17.9%. This means the company’s market share has grown by around .8% since the previous quarter.

The report also stated that Huawei was able to perform above expectations in the third quarter of this year as it achieved its target of 100 million units shipped this year. With its current performance, company may even be able to reach the 110 million unit mark by the end of the year. Compared to its performance last year, Huawei’s shipments have grown by around 40%.

TrendForce Analyst Avril Wu said that “Huawei is the first Chinese smartphone brand to reach 100 million in annual shipment volume, but it is unlikely to be the only Chinese vendor to arrive at this threshold this year.”

huawei-top-chinese-brand-trendforce-01Additionally, Huawei also ranked as the third global smartphone brand in the third and second quarter of 2015 with a market share of 7.5% and 8.4%, respectively. It places under Samsung and Apple which have a market share of 26.7% and 24.6% as well as 15.4% and 13.7%, respectively.

The report also listed Xiaomi and Lenovo as the second and third ranking Chinese smartphone manufacturer in both the third and second quarter of 2015. According to the report, Xiaomi struggled in the high-end smartphone market with the launch of its Mi Note series and has returned to its forte which is selling smartphones with high cost-performance ratios such as the recently released Redmi Note 2 and Mi 4c.