Printed from http://www.electronista.com

ZTE announces higher global sales, though profits drop

updated 11:40 am EDT, Fri March 30, 2012

ZTE sales up by nearly 25 percent as profits fall

China's ZTE announced its financial details from 2011 on Thursday, revealing sales that were up 23.4 percent from 2010, at the equivalent of $13.67 billion. The company, which manufactures smartphones, tablets, and both network as well as telecom gear, did suffer in terms of net profits, however, posting a 36.6 percent loss (at $326.5 million) as compared to 2010. The company is expanding in overseas markets, including the US and the UK, and has debuted eight new devices to this end at last month's Mobile World Congress.

More than half of all of ZTE's sales (54.2 percent) came from markets outside of China, which is a marked increase from the 24 percent in 2010. The company has said earlier it plans to capture 10 percent of the market share in the UK by 2015.

The self-proclaimed second-fastest-growing smartphone maker in the world and the fourth-largest mobile phone maker overall may be spending too aggressively on research and development of the new devices to better compete. Just two of the devices included the NVIDIA Tegra 3-powered PF112 flagship phone, as well as the PF100 10-inch tablet powered by the same processor. Both also had Android 4.0 onboard, but much of its existing lineup is still based around Android 2.3.. [via AllThingsD]



PF112





PF100







By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Tesoro Tizona G2N Elite gaming keyboard

The market for gaming keyboards is getting crowded, starting off with some fairly simple keyboards and diverging into the land of modu ...

GX Gaming DeathTaker mouse

Gaming is a serious endeavor for many people, driving them to look for the best performance in their system and interface devices. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News