Lenovo has overtaken Xiaomi as the world’s third-largest smartphone maker, just a day after the Chinese firm entered the top three for the first time.
Figures from IDC on Wednesday revealed that Xiaomi bagged 5.3 percent of the global smartphone market in Q3, up from 2.1 percent this time last year, making it the world’s third-largest phone maker. This was due to a 211 percent year-on-year rise in smartphone shipments from the firm.
IDC said: “Xiaomi jumped into the top five list for the first time at the number three position thanks to its focus on China and adjacent markets, which resulted in triple-digit year-over-year growth.”
However, just hours after IDC published its report, Lenovo announced that its $2.91bn acqusition of Motorola Mobility was complete, pushing it ahead of Xiaomi in the rankings.
Lenovo told The INQUIRER: “Yesterday’s IDC smartphone data was a day too early. As of this morning, Motorola and Lenovo are a clear #3 with 25.6 million devices, 8.7 percent market share and a global footprint.”
Samsung took the number one spot in the top five list, despite seeing smartphone shipments shrink 8.2 percent year on year and a fall in market share from 32.5 percent to 23.8 percent.
Click here to continue reading…
SOURCE: Carly Page
The Inquirer
BCNN1 WP 