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China's Smartphone Companies Continuing To Show Respectable Performances

Signs of China's growing dominance in the smartphone industry are beginning to be a lot more noticeable than in previous years. According to the recent smartphone shipment data released by TrendForce, Lenovo, Huawei, and Coolpad are each able to make it into the top ten in terms of their shipment numbers, and possess a combined market share of approximately 18.3%. Thanks in part to its recent takeover of Google's Motorola Mobility business, TrendForce expects Lenovo's smartphone shipment figures to grow from 43.1 million units in 2013 to an estimated 84.3 million units in 2014; The Chinese company's worldwide market share, meanwhile, is expected to improve to 7.3%, up from 2013's 4.6%.

Last week, Strategy Analytics released an annual smartphone shipment report which suggested an equally positive outlook for Chinese smartphone companies. Both Huawei and Lenovo, for example, were singled out as star performers of 2013, and were perceived to be "hungry challengers" who will eventually pose a lot of problems for Apple and Samsung.

The 3Q13 shipments for Huawei are revealed by Strategy Analytics' analysts to have grown by 67% YoY to approximately 12.7 million units, giving it a worldwide market share of 5%; Lenovo's Q3 shipment numbers, meanwhile, grew to 10.8 million, a major improvement over 3Q12's 6.4 million.