Smartphone market sees meager growth

Global vendors shipped 427.6 million smartphones to the Chinese mainland in 2015, representing a disappointing 2 percent year-on-year growth, which was the slowest on record, an industry report said on Monday.

Controlling more than a 15 percent market share last year, Beijing-based handset maker Xiaomi Corp edged out rival Huawei Technologies Co Ltd to claim the top spot, said the report, released by industry consultancy Canalys.

Shenzhen-based Huawei recorded a 14.7 percent market share while Apple Inc, the No 3, had 12.5 percent.