Over the past few years there has been an influx of Chinese smartphone vendors who have not only managed to capture a significant chunk of their lucrative home market, but have since started venturing out to other markets across the globe, which is why it’s not surprising to see that these companies are fast becoming the top smartphone vendors in the world. A new research report finds that eight of the world’s top 12 smartphone vendors are from China.
IC Insights concludes in its research that during the first quarter of 2016, China-based vendors accounted for eight out of the world’s top 12 smartphone vendors. These vendors include Huawei, Oppo, Xiaomi, Vivo, ZTE, Lenovo, TCL and Meizu.
They still have some catching up to do when it comes down to sheer numbers. South Korea’s Samsung remained the largest smartphone vendor in the world with 81.5 million unit sales. Apple followed in second place with 51.6 million units. Huawei, Oppo, and Xiaomi rank third, fourth, and fifth respectively.
IC Insights expects that three companies are going to drop out of the top 12 rankings this year as opposed to 2015, this includes Sony and Microsoft, these companies saw their smartphone sales drop to 3.4 million and 2.3 million units respectively in the first quarter of this year.