Lenovo, LG report 130% shipment growth - IDC

July 27
3:41 AM 2013

International Data Corporation released its latest report regarding an analysis of Apple and Samsung's second quarter earnings for 2013. IDC, a market analysis and advisory firm, said that Samsung and Apple would stay as the market leaders. However, it noted that greater growth would come from small companies.

IDC estimated that during the quarter, Samsung was able to ship 72.4 million smartphones. The figure was 44% higher than the last year's projections but IDC noted that Samsung's share of the market went down to 30.4% in the second quarter from 32.2% last year. Conversely, Apple shipped 31.2 million smartphones which represented a 13.1% share of the market. The number was down from last year's 16.6% despite the fact that the shipment increased by 20%.

LG, Lenovo and ZTE which were all part of the top five smartphone vendors recorded more progress. LG said it shipped 12.1 million smartphones which signified 130% annual improvement. IDC estimated that LG was able to grow its market share from 3.1% to 4.7%. Furthermore, Lenovo chartered 130.6% yearly shipment growth following its record shipment of 11.3 million mobile phones for a projected 4.7% market share. Lenovo's fellow Chinese mobile-manufacturer ZTE observed a jump on it shipment of 57.8% to 10.1 million units. IDC stated that the figure represented 4.2% market share.

© 2023 VCPOST, All rights reserved. Do not reproduce without permission.


Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics