Chinese handsets, packed with high end specifications and still holding on to their affordability factor have quite expectedly, taken over the smartphone market, clocking jaw-dropping sales.
According to a report by Taiwan-based TrendForce, Chinese smartphone vendors are expected to ship around 450 million smartphones by the end of 2014, rising to 38.6 percent of the worldwide total. Other major international smartphone manufactures might not have anticipated this sudden uprise and dominance of the Chinese handsets in the global market.
World’s third largest smartphone manufacturer, Xiaomi has seen its business expanding at an exponential rate and has single-handedly provided the required boost to Chinese handsets’ sale. Lenovo recently acquired Motorola smartphone business contributing to the major part that Chinese vendors hold globally. China’s smartphones export has been growing at an annual rate of 50 percent since entering the international market in 2011.
However, the report also suggests that the subsidy cuts and smartphone saturation in mainland China will slow down the growth to 17 percent. Despite of the roadblock, shipments will still account for over 40 percent of the worldwide total next year. Lenovo, Xiaomi and Huawei together aims to ship 100 million units in 2015.
The report further says that the Chinese manufacturers will look to India and Latin America to further expand their business and scale up their dominance.