Lenovo’s smartphone shipments continue to gain ground
01/28/2014 5:09 PM
01/28/2014 5:10 PM
Lenovo ranked fifth overall in worldwide smartphone shipments for all of 2013 as its shipments rose more than any of the top smartphone makers, according to market research firm IDC.
Lenovo also continued to gain ground in the final quarter of the year, ranking fourth with a 4.9 percent market share despite the fact that it doesn’t yet sell smartphones in the U.S. and Europe. That was up from 4.7 percent in the third quarter and 4.1 percent a year ago, IDC reported.
The worldwide smartphone market is dominated by Samsung, which racked up a 28.8 percent market share in the fourth quarter, and Apple, which posted a 17.9 percent market share.
Lenovo, the No. 1 PC maker, has been diversifying into smartphones and other devices in the face of stagnant demand for personal computers. The company is based in China but has 2,300 employees at its headquarters in Morrisville.
For the 2013 calendar year, Lenovo posted a 4.5 percent market share, up from 3.3 percent in 2012 thanks to a 91.7 percent increase in shipments.
Lenovo’s fourth-quarter smartphone shipments jumped 47.3 percent from a year earlier. That outpaced the overall market, which grew 24.2 percent in the fourth quarter, but trailed the more-than-50-percent growth rate of No. 3 Huawei and No. 5 LG.
Last year the smartphone industry topped 1 billion devices for the first time as shipments rose 38.4 percent.
Staff writer David Ranii
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