The three companies - who grew their smartphone shipments around two times faster than the global industry average - held a combined market share of 14 percent last year, according to data from Strategy Analytics . This compared with Apple's 15.5 percent market share, which fell from 19.4 percent in 2012.
"There is clearly now more competition coming from the second-tier smartphone brand. Huawei is expanding swiftly in Europe, while LG's Optimus range is proving popular in Latin America, and Lenovo's Android models are selling at competitive price-points across China," Linda Sui, senior analyst at Strategy Analytics wrote in a report on Monday.
(Read more: Apple drops on weak iPhone sales, revenue outlook)