Huawei ranked third largest smartphone maker in the world

Chinese company Huawei has moved up to become the third largest smartphone maker in the world in terms of shipment numbers, right behind Samsung and Apple, according to the annual ranking of the world's largest smartphone manufacturers by TrendForce, the Taiwan-based analytics firm. As we noted last week, Huawei shipped over 100 million smartphones in 2015 to account for about 8.4% of market share. Xiaomi was in 4th place, owning about 5.6% of the market share, while Lenovo fell to fifth place with 5.4% of the smartphone market. TrendForce predicts that Huawei, Lenovo and Xiaomi will continue to gain market share in 2016, moving up to 9.3%, 6.1% and 5.8% respectively.    

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TrendForce has published its yearly ranking of the world's largest smartphone manufacturers and 2015 is showing its fair share of shakeups. Huawei has comfortably clawed its way to number 3 while pulling down Lenovo out of its place. The Chinese company shipped over 100 million smartphones during the year to account for roughly 8.4 percent of the market share.

One would be quick to assume that Lenovo fell to 4th place, when in reality the manufacturer is now at 5th place behind Xiaomi, yet another growing manufacturer from China. Xiaomi now owns 5.6 percent of the smartphone market compared to 5.4 percent from Lenovo. LG, TCL, Oppo, BBK, and ZTE round up the rest of the top 10. Sony, who was sitting comfortably at 8th place a year earlier, is no longer in the top 10.

TrendForce has also ranked the top 5 smartphone manufacturers in China where its 2015 rankings played a game of musical chairs compared to the year prior. Huawei and Xiaomi climbed to the top two spots while Coolpad dropped off the list altogether. Lenovo, TCL, and Oppo round off the top five.

Other than the rankings, the analytics firm has estimated about a 10.3 percent increase in worldwide smartphone shipments from 1.172 billion units in 2014 to 1.293 billion unit in 2015. Impressively, roughly 547 million of those units were from Samsung and Apple.