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Chinese smartphone makers win as market swells

30
Jul
2014

Chinese smartphone makers racked up big gains as the global market for Internet-linked handsets grew to record levels in the second quarter, International Data Corp said Tuesday. Huawei and Lenovo, both based in China, came out winners as a record-high 295.3 million smartphones were shipped worldwide in the second quarter of this year, according to IDC. As the death of the feature phone approaches more rapidly than before, it is the Chinese vendors that are ready to usher emerging market consumers into smartphones, IDC senior research manager Melissa Chau said in a release with the quarterly figures. The offer of smartphones at a much better value than the top global players but with a stronger build quality and larger scale than local competitors gives these vendors a precarious competitive advantage.

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