Over the past couple of years, Chinese companies have been cranking out smartphones like clockwork while global brands like Nokia and LG have busied themselves with losing market share left and right. The result, according to research firm Canalys, is that as of Q3 2012, domestic brands account for 60 percent of China’s smartphone market.
The top five smartphone brands are Samsung, Lenovo, CoolPad, Huawei, and ZTE according to the research firm. Samsung is a Korean company, of course, but the other companies are all domestic brands.
Whether this trend will continue is anyone’s guess. Lenovo’s recent performance would seem to be an indication of growing Chinese dominance, as its mobile division has been kicking ass recently. ZTE, on the other hand, is bleeding staffers and money, and cutbacks to the mobile department (or straight-up bankruptcy) could lie in the company’s future.