Chinese smartphone makers have Apple in their sights

SPH Brightcove Video
The world’s largest smartphone market may be reaching saturation, but local Chinese players like Huawei and ZTE are elbowing in on Apple’s turf at home and abroad.

When it comes to smartphones, Chinese consumers have more choices than ever - but looking at sheer profits, the iPhone still reigns supreme.

Chinese sales of the phone gave a leg-up to Apple's revenue in the quarter ending in June, and now make up a over quarter of the company's global business.

Hot on Apple's heels though are some homegrown players and they're all aiming for the throne.

Huawei may not yet be a household name in the U.S. but it's the fourth-largest smartphone maker in the world.

It doubled revenue in China since January by shifting to high-end models like the P8.

And the success of Huawei at home is also keeping the company on-track to reach its goal of being the first Chinese company ever to ship 100 million handsets worldwide in a year.

ZTE is another another local company upping their game abroad - trying to shake off the image of Chinese phones as "budget" devices.

With mega-sponsorship deals with the NBA, the company has seen their sales in the U.S. soar - and they aim to ship 20 million phones there this year.

They're so confident that they even launched their new Axon phone in the U.S. a week before it went on sale in China.

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