According to the latest report from IC Insights, a market research organization, except for Samsung Electronics, which dominates the high-end product market, and Apple’s LG, South Korea's top 12 smartphone suppliers (shipping units) are from the Chinese brand industry.
It is noteworthy that Samsung and Apple, which ranked third among the world's largest and second-largest suppliers in 2017, accounted for more than one-third of the total smartphone shipments, totaling 1.5 billion; followed by Huawei, OPPO, and Vivo. , Xiaomi, Lenovo, ZTE, TCL, Jinli, and LeTV/Cool are among a series of Chinese brands.
IC Insights statistics show that global smartphone shipments grew by 1% in 2017, from 1.49 billion in 2016 to 1.5 billion; the agency forecasts that smart phone shipments in 2018 will increase by 2%. 153 million. It is expected that the market will continue to grow in single digits by 2021.
IC Insights expects that emerging Chinese smartphone brand manufacturers such as Huawei, OPPO, Vivo and Xiaomi will pose a serious threat to Samsung and Apple’s market share. However, in the high-end product market, prices exceed 200 US dollars. Model - these two leading brands will still dominate.
The IC Insights report also pointed out that OPPO and Vivo, which are the fourth and fifth largest smartphone suppliers, are actually the parent companies of BBK Electronics. In 2017, the total shipments of the two mobile phone brands were 213.1 million units. Only 2.7 million less than the second largest apple.