ZTE becomes world's fourth largest mobile phone vendor
IDC"s latest report on global mobile phone shipments bring to light some interesting 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 hold 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%.
