The Chinese smartphone market has paced faster since 2011, reaching 460 million units in 2017, according to Taipei-based and government-backed IT research institute MIC (Market Intelligence & Consulting Institute). "As of the third quarter of 2017, the accumulated 4G user base in China topped around 950 million with a penetration rate of 68%, indicating the adoption of 4G smartphones has become more widespread and the future growth will rely highly on replacement demand," says Aaron Lin, senior industry analyst at MIC.

Global Smartphone Shipment Share by Major Brand, 2016-2018

Source: MIC, January 2018

"Xiaomi has regained its reign again with its Mi 6/Redmi 4X/MIX 2 and its efforts to develop physical channels and overseas markets have paid off with its shipment volume growing to a new high."

To see more about this report, please visit: Global Smartphone Industry Outlook for 2018

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About MIC

Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry.https://mic.iii.org.tw/english