Coolpad Rises to Top of China’s LTE Smartphone Market in May, Beats Samsung and Apple

19 Jun

According to the latest research figures published by SINO, a global market research firm, the smartphone manufacturers that earned the highest market share in China’s TD-LTE smartphone market during May, 2014, are: Coolpad (23.1%); Samsung (18.8%); Apple (15.7%); Lenovo (10.7%); OPPO (6.3%); K-Touch (5.7%); Huawei (4.3%); ZTE (3.4%); Hisense (2.0%); and BBK (1.9%).

coolpad table

Note: The above figures, courtesy of SINO, only covers China’s 4G smartphone market

As can be seen in the table above, Huawei was able to show the biggest market improvement relative to April with an estimated sales growth of 3.4% MoM; OPPO, meanwhile, is close behind Huawei with a relatively smaller 2.9% MoM growth; Apple and Samsung, the global industry’s traditional giants, showed a surprising growth decline of 12.4% MoM and 6.2% MoM, respectively; Coolpad’s month-over-month TD-LTE smartphone sales growth, while only at 1.30%, allowed the company to climb to the top spot of China’s TD-LTE smartphone market for the entire month of May. On the morning of June 18th, 2014, Coolpad’s Hong Kong listed share price soared by an estimated 4.52% to 1.85 USD.

When interviewed by the Wall Street Journal on May 21, 2014, Lenovo’s founder and CEO, Yuanqing Yang, referred to China as the “most fiercely competitive smartphone market in the world” and emphasized the important role that its recently acquired subsidiary company, Motorola Mobility, would play in its future smartphone plans. Lenovo’s current Chief financial officer, Wong Wai Ming, expressed similar concerns towards the state of the Chinese smartphone market, saying that the smartphone profits earned from China will eventually be as low as those generated from the struggling PC industry.

On June 9th, 2014, Counterpoint Research revealed the Q1 growth of the entire global LTE smartphone shipments to be up 91% compared to the same period a year ago. China’s TD-LTE smartphone shipments, which has already surpassed that of South Korea, is projected to exceed Japan’s by the end of 2014. Collectively, Apple, Samsung, and LG account for more than three fourths of the entire world’s TD-LTE smartphone shipments.

The future LTE smartphone market share of the leading brands, according to Counterpoint Research, is expected to start shrinking as China-based companies such as Coolpad, Lenovo, ZTE, and Huawei begin releasing 4G smartphone models that are priced under 1000 RMB.

Tags: , , ,