Huawei's new smartphone, the Ascend P7
A hostess holds Huawei's new smartphone, the Ascend P7, launched by China's Huawei Technologies during a presentation in Paris, May 7, 2014. The mobile - billed as the world's slimmest phone at 6.5 mm thick - will go on sale in 31 markets, including Britain, Germany and China, starting this month for 449 euros ($630) without a SIM card or service contract. It will not be sold in the United States. Reuters/Philippe Wojazer

Gartner's latest report brings to light big changes and movements in the smartphone sector. Whereas it was previously always about Apple, Samsung and Xiaomi competing in similar markets, latest figures show that Huawei is quickly catching up; it may even be considered as the fastest-growing vendor today.

Gartner's quarterly report has shed light on how the tech industry and its market moves. The constant spin of products and competition does not reportedly really ensure any company a position at the top. For instance, while Samsung still reigns, getting most of the market share, its lead against competitors continues to narrow, according to The Motley Fool. In the second quarter of 2014 alone, Samsung sold 76 million units, accounting for 26.2 percent of the market share. However, upon release of the Galaxy S6, the company's market share dropped to 21.9 percent.

Apple still did well as it posted 36 percent year-on year growth for Q2 2015. However, the real star is Chinese vendor Huawei. Considering global performance, the company sold 25.8 million units compared to its 17.7 million units sold in Q2 2014. This is a stellar year-on-year growth at 46 percent. Strong overseas and 4G China sales accounted much for the growth.

Research director at Gartner, Anshul Gupta, also adds, "China is the biggest country for smartphone sales, representing 30 percent of total sales of smartphones in the second quarter of 2015. Its poor performance negatively affected the performance of the mobile phone market in the second quarter." This has also accounted for some poor performance of other companies so far.

However, market conditions are not stopping Huawei from producing more smartphones as a Nexus prototype just leaked recently. Steve Hemmerstoffer has posted a series of photos of what could be the first time the Chinese vendor ever partnered with Google to release a "pure Android/Google" smartphone. The released photos are still considered "pre-release" or stock Android model.

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