Digitimes Research: Lenovo ranks as 3rd largest smartphone vendor in 1Q15

Kristina Shih, DIGITIMES Research, Taipei 0

Lenovo outperformed domestic rival vendors Huawei and Xiaomi Technology to take the third position in the global smartphone vendor rankings in the first quarter of 2015, according to Digitimes Research.

The top-2 vendors in the first quarter were Samsung Electronics and Apple, which together took over 50% of the global smartphone market in the quarter, Digitimes Research said.

LG Electronics ranked fourth, followed by Huawei and Xiaomi Technology.

The iPhone 6 and iPhone 6 Plus remained the top models in the first quarter, forcing other brands to delay their launches of respective flagship models.

However, sales momentum of iPhone 6 devices is expected to start dwindling in the second quarter, as sales of Samsung's Galaxy S6 and Galaxy S6 Edge pick up steam.

Most China-based vendors saw their shipments decline 10-20% in the first quarter due to a slowdown in demand in both overseas and domestic markets. However, China-based vendors are expected to further strengthen their deployments in overseas markets utilizing a low-pricing strategy.