Thursday, May 8, 2014

THE RISE OF CHINESE SMARTPHONES COMING–AS SAMSUNG, LG, APPLE LOSES MORE OF ITS MARKET SHARES

Chinese smartphone companies have been growing rapidly in recent years, becoming a threat to Korean handset makers such as Samsung Electronics and LG Electronics.

Chinese companies accounted for more than 20 percent of the global smartphone market last year, a sharp jump from 8 percent in 2010, according to global research firm Strategy Analytics.
“Chinese companies’ patterns of growth have been quite similar (to each other). They have made handsome profits in their domestic market, invested in gaining a technological edge, and are currently making forays into advanced markets,” said Kim Sung-ok, a senior researcher at the Korea Information Society Development Institute.

“As some Chinese smartphone companies begin to expand in the premium markets, competition with Korean companies will be inevitable down the road,” Kim added.

http://www.koreaherald.com/view.php?ud=20140506000127

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