Chinese smartphone makers Lenovo and Xiaomi have lost their spots as the fourth and fifth largest smartphone manufacturers.
According to a study by research firm IDC, the two companies had been pushed out of fourth and fifth place by two lesser-known Chinese companies, Oppo and Vivo, the Verge reports.
"Lenovo benefited with ASPs [average selling prices] below US $150 in 2013, and Xiaomi picked up the mantle with ASPs below US $200 in 2014 and 2015. Now Huawei, Oppo, and Vivo, which play mainly in the sub-US $250 range, are positioned for a strong 2016," writes IDC researcher Melissa Chau.
-With agency inputs