Lenovo overtakes Xiaomi as world's third largest

Lenovo overtakes Xiaomi as world’s third largest

A few days ago, Xiaomi was reported as the third largest handset maker in the world but it looks like the victory was short-lived as Lenovo has finalized its acquisition of Motorola Mobility, leaping ahead of its rival and now claiming the third spot.

Xiaomi’s market share for Q3 of 2014 was at 5.3%, ranking below Samsung and Apple but above Lenovo which is at 5.2%. However, after 24 hours, Lenovo catapulted itself in third place when it completed its acquisition of Motorola Mobility on October 30 with a new market share of 7.4%.

As for the other top handset manufacturers, Samsung still leads at 23.8% market share, followed by Apple at 12.0%. But considering Xiaomi’s year-over-year growth rate, let’s see if Lenovo/Motorola can maintain its position.

via: PhoneArena, IDC, Fortune

This article was written by Louie Diangson, Managing Editor of YugaTech. You can follow him at @John_Louie.

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5 Responses

  1. Summer says:

    Seriously who cares?

  2. dothackjhe says:

    Good to know that Lenovo acquired Motorola instead of letting it shut down. I have only had two Motorola phone units but those two have been most noteworthy for their designs.

  3. poiuytrewq says:

    motorola of the USA bought by lenovo of china

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