ZTE Becomes World's Fourth Largest Mobile Phone VendorBy cheatmaster 06:25 Mon, 12 Jul 2021 Comments
IDC's latest report on global mobile phone shipments bring to light some fascinating things. Mostly it's the rise of the Chinese company ZTE to the No. 4 spot in global mobile phone shipments, overtaking Apple in the process.
This promotion was brought on by the staggering 57.9% jump in growth in shipments compared to last year. Meanwhile, Nokia, Samsung and LG continue to hrecent on to their No. 1, 2 and 3 spots respectively.
ZTE is not the only one experiencing growth. At 23.0%, Samsung saw the second highest growth compared to 2010 while Apple saw a 21.3% growth. Nokia and LG, however, weren't so lucky. Nokia's market share went down by 3.4% whereas LG saw a massive 25.7% drop in popularity.
The entire mobile phone market grew by 12.8%, exceeding IDC's forecast of 9.3%.
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