We all know that smartphones are big business, but exactly how large is the industry?
New figures reveal the number of smartphones shipped last quarter, and it’s an impressive figure.
In Q3 2015, a total 342.5 million smartphone units were shipped by global vendors.
That’s according to the latest statistics from mobile analyst firm Juniper Research.
The report reveals that the shipment value represents a slowed year-on-year growth of 8.4%.
But how did the industry’s biggest players fare last quarter?
Much of that growth came courtesy of China, with $12 billion revenue coming from the Far East region.
Samsung also had a respectable quarter, reporting a 37% year-on-year increase in profitability.
And Xiaomi, China’s hugely successful mobile giant, managed to ship an estimated 18.4 million smartphones.
Related: OnePlus X: Everything you need to know
Unfortunately, the company struggled both in China and internationally last quarter, which means Huawei ranked as the best performing vendor.
The latter shipped 27.4 million devices, which was a 63% rise year-on-year.
Do any of these figures surprise you? Tell us why in the comments.
Check out our smartphone buyer’s video guide below:
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Editorial independence
Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
