Smartphone shipments reach new record as of Q3 2016

Global smartphone shipments have reached a record high as of this past quarter according to the latest reports from TrendForce. The market analytics firm is estimating a worldwide shipment volume of almost 350 million mobile phones during Q3 2016 with Samsung in the lead by a wide margin. Accordingly, Samsung holds a 22.3 percent market share as of Q3 2016 compared to 24.3 percent as of Q2 2016.

Second and third place rankings continue to be Apple and Huawei, respectively. Apple market share has fallen from 15 percent as of Q2 2016 to 12.9 percent as of Q3 2016 while Huawei has been relatively steady from 9.2 percent to 9.1 percent during the same consecutive periods. Oppo, LG, and Vivo/BBK make up the rest of the top 5 with 6.1 percent, 5.7 percent, and 5.2 percent of the market share, respectively.

The combined production volume of Chinese smartphones have amounted to 167.5 million smartphones as of Q3 2016 for an increase of almost 18 percent when compared to Q2 2016. Huawei has fallen by 1.3 percent while Oppo, Vivo/BBK, and Lenovo are up slightly. Xiaomi experienced a notable decline in shipments from 11 percent in Q2 2016 to 8.7 percent in Q3 2016.

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