Huawei, Oppo, and Vivo to be the three largest smartphone manufacturers in China
Worldwide shipment of smartphones is expected to reach its annual high in Q3 2016 according to market analytical firm Trend Force. The source claims that Huawei, Oppo, and Vivo will be the top smartphone manufacturers in Asia in terms of units sold.
Huawei to ship more this year
Trend Force is predicting that Huawei will likely face lower revenue compared to 2015 and not meet sales expectations of its recent P9 flagship, but will still produce more smartphones from 108 million to 119 million for a YoY increase of 10.2 percent. The manufacturer would still be the largest out of its nearest competitors by a wide margin.
Oppo and Vivo to grow even faster
In contrast to Huawei, Trend Force is expecting both Oppo and Vivo to grow by as much as 59.2 percent and 40.4 percent, respectively, as its devices have been well-received by consumers. Oppo could ship as much as 78 million smartphones and Vivo as much as 66 million.
Lenovo and Xiaomi slipping
The Asian market is becoming increasingly more difficult for Lenovo and Xiaomi as they are predicted to drop by as much as 15.7 percent and 13.2 percent, respectively. Nonetheless, they remain on the list of the top five smartphone manufacturers in China.
LeEco to experience the fastest growth rate
The smaller manufacturer is expected to ship 20 million smartphones this year compared to 5 million in 2015 for a growth rate of around 300 percent. LeEco is also the largest shareholder of the Coolpad Group, which gives it better leverage for selling and shipping devices internationally.
Asus and HTC still hanging on
Asus should be seeing a 34.3 percent growth rate this year while HTC is expected to sink even further from its already poor position by 26.8 percent. Its latest HTC 10 flagship smartphone has likely not been selling as well as the company had initially hoped.