Micromax shipped 4.6 million handsets in Q4 2014, according to Canalys, leapfrogging Samsung for the title of India’s leading smartphone vendor.
Having returned to the country just under a year ago, Motorola has now sold 3 million smartphones in India, due in part to the popularity of the Moto G and Moto E.
LG’s operating profit for 2014 leapt to KRW 1.83 trillion (USD 1.73 billion), an increase of 46 percent, led by strong growth in smartphone shipments.
Apple and Samsung both shipped around 74 million smartphones last quarter, but Lenovo, Huawei and Xiaomi are demonstrating the fastest rates of growth.
Huawei has announced a 30% growth in revenues last year, led by demand for its mid- to high-end smartphones. Handset shipments reached 75 million.
LG is estimated to have sold approximately 59.6 million smartphones throughout 2014, according to industry sources, up from 47.6 million units in the previous year.
Hutchison Whampoa, parent company of Three UK, has announced that it has entered into exclusive negotiations with Telefónica to acquire O2 UK.
Early financial forecasts suggest that Samsung could be in for another year of smaller profits, although the situation may not be as bad as in 2014.
Speaking in a recent interview, Xiaomi’s Hugo Barra explained how the company goes about keeping its costs low enough to offer such competitive prices.
Average smartphone profits for Android hardware manufacturers have roughly halved over the past year, despite huge growth in global shipments.