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Sales of virtual-reality devices will soar to 14 million in 2016 and jump to 38 million by the end of 2020, predicts research firm TrendForce.
The company's announcement follows a report from research firm TrendForce revealing that Huawei is now China's top smartphone brand.
Even though smartphone shipments are expected to be up this year, research firm TrendForce says the future doesn't look good: vendors will face "serious challenges" as demand plateaus.
New Android smartphone sports a clamshell design and physical alphanumeric keyboard.
Company reports that its smartphone division also had some trouble in the second quarter as unit shipments fell 3 percent year over year.
Along with eBay, Dell and HP, the tech giants have filed a legal brief arguing that if the current court decision stands -- particularly, the damages -- it could have a "devastating impact" on the industry.
HP snagged 20.1 percent of the notebook market worldwide in 2014, according to research firm TrendForce, but Lenovo is catching up fast.
The Chinese smartphone maker will begin selling its products in the US market in a few months, but only its lesser-known gadgets like headphones and its Mi Band wearable.
The phone maker says the jump in fourth-quarter revenue underscores the success of its plan to "offer tailored product mixes."
The move comes as the smartphone maker, which has been struggling to maintain its dominance, is getting set to introduce a new flagship device.