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Lenovo surpasses Apple in China smartphone market

Corey

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Corey Apprentice

Corey

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China Smartphone Sales Q2 2012

Lenovo (0992) had an explosive second quarter. The smartphone newcomer managed to jump from seventh place in the first quarter to second place in China’s mobile market. For the first time ever, shipments of smartphones in China, which reached 87 million units, surpassed shipments of features phones. Samsung amounted for more than half of those shipments with 44.4 million units, while Lenovo managed to capture 11% of all Chinese smartphone sales in the second quarter, according to IDC Research. “Lenovo had a huge second-quarter due to increased volumes through operators, and a continued push into retail, leveraging on its PC retail stores and partnerships,” Teck-Zhung Wong, a Beijing-based analyst with IDC, said in an email to Bloomberg. Due to anticipation over the iPhone 5 and increased competition from Samsung, HTC (2498) and ZTE (000063), Apple’s (AAPL) Chinese sales declined from 19% to 10%, dropping the company to No.4 in the second quarter.

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