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May 29, 2017

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China's Huawei becomes world's 3rd largest smartphones vendor

BEIJING -- Chinese telecom giant Huawei Technologies Co. Ltd. emerged as the world's third-largest smartphone vendor in the fourth quarter of 2012, as traditional mobile phone manufacturers like Nokia Corp. and HTC Corp. tumbled.

The Shenzhen-based Huawei climbed for the first time to the top five list, according to a report issued by International Data Corp.

Huawei shipped 10.8 million smartphones, which represents a 4.9-percent market share, in the fourth quarter, only behind Samsung Electronics Co. Ltd. and Apple Inc., the report said.

Samsung grabbed a dominant 29-percent share of the world's smartphone market during the period, while Apple had a 21.8-percent market share with 47.8 million smartphones shipped, the report said.

Taiwan-based smartphone vendor HTC dropped from the top five, the IDC ranking showed. Analysts pointed out that the company lost market share in the North American market after it was involved in a lawsuit with Apple last year.

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