COLOMBO, Sri Lanka, February 02, 2021 – According to the latest annual data from IDC[1], vivo, a leading global smartphone brand, ranked fifth in the global smartphone market in 2020 with a market share of 8.6 percent and shipments exceeding 110 million devices. With a year-over-year growth rate of over 1 percent, vivo was one of the top five smartphone brands to maintain an increase in shipments despite the overall downturn.
vivo currently holds the second position in the Chinese smartphone market[2] and the third in India[3], while leading the market in Indonesia[4]. With headquarters in China, supported by a network of 9 R&D centers in Shenzhen, Dongguan, Nanjing, Beijing, Hangzhou, Shanghai, Taipei, Tokyo and San Diego, vivo is focusing on the development of state-of-the-art consumer technologies, including 5G, artificial intelligence, industrial design, photography and other up-and-coming technologies.
IDC data shows that the global mobile phone market fell 5.9% year-on-year in 2020 the progress toward market recovery has been impressive and IDC believes the momentum heading into 2021 will remain strong.