The smartphone business will take to a new level after the four major smartphone producing companies in China proved to be quite a threat to Apple Inc. (NASDAQ:AAPL) and the rest of the smartphone producers worldwide. Among the companies are Samsung, Huawei, Oppo and Xiaomi.
The strength of these Chinese companies has been attributed to their production of Smartphone’s going at relatively lower prices. Apple and Samsung for a long time have commanded the greatest number of sales.
However, the penetration of the four Chinese competitors in the market and their making of great sales come as news at this period in time. They have bagged a huge market share coming very close to the two leading rivals.
The Smartphone business climate in china
IDC, a research firm, has acknowledged the quick rise of the China companies to the top positions in terms of grasping the larger market shares. One thing that has been brought to the limelight is that getting to lead as a business in China should be no major cause for alarm. This is because there are a number of business rivals who would do anything to see to it that they propel their market shares to the pinnacle.
New market trends
The current times have witnessed Huawei make tremendous steps in Smartphone manufacturing. The company now stands at position 3 among the many Smartphone manufacturers worldwide. This is a great improvement and is putting pressure on the top rivals. This is expected to impact the Smartphone prices in one way or the other.
The rise of Huawei
The rise of Huawei according to a new feature article, Fortune shows has been steady. The article takes a trip to showcase the aspects that make Huawei the company it is today. The company has been operating for many years which ahs earned it sufficient experience to manufacture better phones.
Its move to trade off telecom networking equipment has seen it tailor better market relations around the globe. Oppo, Vivo and Xiaomi are the other business rivals in China that have put China on the map as a major competitor.
This competition builds optimism among customers across the divide. They hope they the future has a promise of high quality smart phones for them and affordable ones at the same time.