IDC: Chinese companies overtake LG and HTC in smartphone charts

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Apple and Samsung continue to dominate the world’s smartphone market, but emerging Chinese companies are starting to climb the ranks. That’s according to IDC’s latest report on global smartphone shipments for Q4 2012, released earlier this week. The market research firm’s data show that China’s leading manufacturers, Huawei and ZTE, enjoyed robust year-on-year growth in 2012, placing them among the world’s top five handset makers. Huawei’s market share jumped by 89.5 percent over the year — higher than any other smartphone maker — while ZTE’s share grew by 48.4 percent.

Huawei is now ranked third among smartphone vendors with 10.8 million units shipped last quarter, marking the first time it has ever cracked the top five. ZTE d…

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