According to the latest report from our Handset Country Share Tracker (HCST) services: China Smartphone Vendor and OS Marketshare: Q4 2013, China smartphone market grew 62% YoY to reach a new record. China maintained its position as the largest smartphone market worldwide. Now, smartphone shipments accounted for 88% of total handset volumes in China, up from 70% one year ago.
Samsung remained in first place, being chased by Lenovo, Huawei and others. Meanwhile, Xiaomi improved its position in the market due to multiple popular new models. Coolpad increasingly looks like it has peaked.
Xiaomi was a star performer in Q4 2013, strengthening the No. 5 position and maintaining in the top-5 list for two quarters in a row. Strong performances in e-commerce channels and the launch of the more-affordable Hongmi phone are the key drivers behind the surging volumes.