Three Chinese Phone Makers in Global Top Ten

Posted by Randal Rayborn on May 21, 2010 - Filed under China, Hong Kong

ZTE Corporation

ZTE Corporation, based in Shenzhen, is currently the eighth-ranked handset maker in the world, according to the Gartner Group.

By Zhu Shenshen (Shanghai Daily) – THREE Chinese firms, two in the mainland and one from Hong Kong, have been listed in the world’s top 10 handset makers, thanks to the growing market demand in Asia, a United States-based research firm said today.

By the end of the first quarter, Shenzhen-based ZTE Corp ranked No. 8, followed by Hong Kong-based G-Five with the No. 9 position, which ranked in the top 10 for the first time. Shenzhen-based firm Huawei Technologies ranked No. 10, according to Gartner Inc, a US-based IT research firm.

The combined market shares of the top five mobile handset manufacturers, including Nokia, Samsung, LG, RIM (Research in Motion) and Sony Ericsson, dropped from 73.3 percent in the first quarter of 2009 to 70.7 percent in the same period this year, according to Gartner.

ZTE, which expects mobile phone revenue to grow 35 percent annually in 2010, grabbed a 1.7 percent share of the global market, up 0.4 percent from last year.

China’s mobile subscriber base will reach 840 million units by 2010 and more than 1 billion in 2012, according to Informa, a Switzerland-based research firm. — read more at ShanghaiDaily.com…

One Response to “Three Chinese Phone Makers in Global Top Ten”

  1. Three Chinese Phone Makers in Global Top Ten | AsiaLynx Says:
    May 21st, 2010 at 9:19 am

    [...] See the original post: Three Chinese Phone Makers in Global Top Ten | AsiaLynx [...]