Chinese mobile phone manufacturer Transsion's market share in South America has soared, making a fortune!

[CNMO Technology News] As a local mobile phone manufacturer in China, many people may not be familiar with Transsion. Transsion's mobile phone products are not sold in mainland China, but they have achieved amazing results in many overseas markets. Currently, Transsion is the fifth largest smartphone manufacturer in the world.

Transsion
Recently, CNMO noticed that some digital bloggers counted the development trends of Transsion’s two major brands, Tecno and Infinix, in ten South American countries (Brazil, Argentina, Colombia, etc.). Data shows that from 2017 to 2020, although Transsion mobile phones were sold in the South American market, their presence was low. After 2020, the sales and share of the two major brands of Transsion in the South American mobile phone market have grown rapidly. Especially after 2023, its market growth curve will be almost "vertical".

Chinese mobile phone manufacturer Transsion guarantees market share in South America

1. Market growth

According to the Canalys report, in the fourth quarter of 2023, the smartphone market in Latin America grew by 20%. Full-year growth was 2% to 118.9 million units.

2. Performance of Chinese manufacturers

• Transsion continues to maintain a strong position in South America and secure market share.

  

  Miguel Pérez, Senior Consultant of Canalys Latin America, said: “In the fourth quarter of 2023, Samsung was in the leading position in Latin America, but as manufacturers such as Xiaomi, Transsion and ZTE increased the sales of entry-level products, its market share has since It fell below 30% for the first time since the fourth quarter of 2014. “

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