Huawei is 3rd in global smartphone shipments, LG grows, Apple slows, Samsung leads

A new report by research and consulting firm Strategy Analytics outlined global smartphone shipments for Q3 2013. Total smartphone shipments reached a record 251 million last quarter, a rise of 45 percent overall. Here are some of the firm’s findings:

Huawei

China’s Huawei smartphone shipments grew 67 percent since this time last year to 12.7 million units. That makes Huawei the third-largest smartphone manufacturer in the world, confirming IDC’s findings in Q4 of last year.

Huawei might still be hitting hurdles from government regulators (most recently in Taiwan), but the company is steadily expanding its global reach.

Samsung

Samsung (KRX:005935) leads the pack with a 35 percent share of all smartphone shipments worldwide. It grew 55 percent annually and shipped 88.4 million smartphones, increasing its lead from 33 percent.

Apple

Apple (NASDAQ:AAPL) sits in second place, but only grew half as much as the industry average. It shipped 33.8 million iPhones, but only grew 26 percent. Apple just released a decidedly weaker earnings report today.

LG

LG (KRX:066570; LSE:LGLD) actually grew the fastest of any smartphone maker, putting it in fourth place, according to the report. The South Korean smartphone maker has been expanding rapidly in Europe, growing 71 percent overall.

Lenovo

Lenovo (HKG:0992) took fifth place with 10.8 million smartphones shipped and a four percent market share. Even with Huawei and Lenovo’s combined market shares, Chinese smartphone makers still trail far behind Apple and Samsung.

(Source: Herald Online)

(Editing by Steven Millward)