ZTE looks to handsets for profits
13 years ago

ZTE looks to handsets for profits

China Daily  

ZTE looks to handsets for profits Updated: 2012-03-30 07:31 By Shen Jingting Telecom equipment maker stresses innovation, develops smartphones ZTE Corp, China's biggest mobile phone maker and second-largest telecom equipment manufacturer, said the company will strive to improve its profits this year by effectively increasing the gross profit margin of its handset business. China's second-largest maker of phone equipment aims to improve profitability this year by increasing the gross profit margin of its handset business. "The company's handset revenue grew very fast, but its gross profit margin dropped," said Shi. Shi said ZTE is still learning to compete in the smartphone market, but concrete measures have been taken to improve the handset gross profit margin.

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History of this topic

Samsung Electronics says Q4 net profit slumps 38%
5 years, 2 months ago

Samsung Electronics says Q4 net profit slumps 38%

Live Mint  

Seoul: The world's biggest smartphone maker, Samsung Electronics, reported a slump in fourth-quarter net profits on Thursday, blaming weakening demand in key products and falling chip prices. "Fourth-quarter profit dropped from a year earlier due to the continued fall in memory chip prices and weakness in display panels," Samsung said in a statement. Samsung said it expects "weak sales from …

China's ZTE to fall to $1bn loss after year of fines
6 years, 5 months ago

China's ZTE to fall to $1bn loss after year of fines

The Telegraph  

Chinese smartphone and telecoms company ZTE expects to post a $1bn loss after a damaging year that has seen it hit by huge fines from the US over breaking economic sanctions. The Hong Kong-listed company said it expected to report an annual loss of between Rmb 6.2bn to 7.2bn for 2018. ZTE said the loss was mainly down to the …

Telecom firm sees marginal decline in revenue
6 years, 5 months ago

Telecom firm sees marginal decline in revenue

China Daily  

Telecom firm sees marginal decline in revenue Updated: 2018-10-24 Visitors interact with a smart robot at a China Mobile booth during a high-tech exhibition in Guangzhou, capital of Guangdong province. China Mobile Communications Corp, the world's largest mobile carrier by subscribers, announced its operating revenues for the first three quarters of 2018 dipped 0.3 percent year-on-year to 567.7 billion yuan, …

Alibaba said in talks to buy ZTE’s software arm for cloud unit
7 years, 9 months ago

Alibaba said in talks to buy ZTE’s software arm for cloud unit

Live Mint  

Beijing/Hong Kong: Alibaba Group Holding Ltd is closing in on a deal to acquire Chinese telecommunications gear maker ZTE Corp.’s software subsidiary, an acquisition that could help strengthen its global internet computing business, people familiar with the deal said. Alibaba could pay between 2 billion yuan and 3 billion yuan for a division that provides software support and services to …

ZTE eyeing growth prospects in Turkey
8 years, 3 months ago

ZTE eyeing growth prospects in Turkey

China Daily  

Visitors look at smartphones at ZTE Corp booth at the Mobile World Congress in Barcelona, Spain. Telecom giant to buy 48% stake in Netas as it sees broader opportunities in the Middle East ZTE Corp said on Tuesday it would spend up to $101.3 million to purchase a 48.04 percent stake in a leading Turkish telecom company, as the Chinese …

ZTE eyeing growth prospects in Turkey
8 years, 3 months ago

ZTE eyeing growth prospects in Turkey

China Daily  

Visitors look at smartphones at ZTE Corp booth at the Mobile World Congress in Barcelona, Spain. In the first nine months of this year, ZTE's revenue exceeded 71 billion yuan, a year-on-year growth of 4.4 percent. Telecom giant to buy 48% stake in Netas as it sees broader opportunities in the Middle East ZTE Corp said on Tuesday it would …

World's top five most profitable mobile handset makers in Q3[1]- Chinadaily.com.cn
8 years, 3 months ago

World's top five most profitable mobile handset makers in Q3[1]- Chinadaily.com.cn

China Daily  

For the first time, four Chinese brands have been ranked among the top five most profitable smartphone vendors around the globe due to Samsung's fiasco surrounding the Galaxy Note7, according to an industry consulting company. Karn Chauhan, research analyst for Counterpoint Technology Market Research, said the top four domestic brands generated a combined $1.1 billion in operating profits, capturing a …

World's top five most profitable mobile handset makers in Q3[1]- Chinadaily.com.cn
8 years, 3 months ago

World's top five most profitable mobile handset makers in Q3[1]- Chinadaily.com.cn

China Daily  

For the first time, four Chinese brands have been ranked among the top five most profitable smartphone vendors around the globe due to Samsung's fiasco surrounding the Galaxy Note7, according to an industry consulting company. Karn Chauhan, research analyst for Counterpoint Technology Market Research, said the top four domestic brands generated a combined $1.1 billion in operating profits, capturing a …

ZTE unveils new smartphone and matching VR devices
8 years, 10 months ago

ZTE unveils new smartphone and matching VR devices

China Daily  

Adam Zeng, CEO of ZTE Mobile Devices and Chinese pianist Lang Lang, pose at the launch of ZTE's flagship AXON 7 smartphone in Beijing on Thursday.CHINA DAILY Smartphone maker hoping to grab greater domestic market share with AXON 7 Chinese smartphone maker ZTE Corp unveiled its high-end flagship AXON 7 smartphone and its first matching VR devices on Thursday. "The …

ZTE unveils new smartphone and matching VR devices
8 years, 10 months ago

ZTE unveils new smartphone and matching VR devices

China Daily  

Adam Zeng, CEO of ZTE Mobile Devices and Chinese pianist Lang Lang, pose at the launch of ZTE's flagship AXON 7 smartphone in Beijing on Thursday.CHINA DAILY Smartphone maker hoping to grab greater domestic market share with AXON 7 Chinese smartphone maker ZTE Corp unveiled its high-end flagship AXON 7 smartphone and its first matching VR devices on Thursday. "The …

ZTE net profits rise 21.8% in 2015
8 years, 11 months ago

ZTE net profits rise 21.8% in 2015

China Daily  

Visitors walk in front of the ZTE stand at the Mobile World Congress 2016 in Barcelona, Spain, Feb 22, 2016. SHENZHEN - Major Chinese telecom equipment maker ZTE Corp on Thursday said its net profits in 2015 rose 21.8 percent to 3.2 billion yuan. In a filing to the Shenzhen Stock Exchange, ZTE said that its revenues jumped 23 percent …

ZTE launches new smartphone in Canada
9 years, 5 months ago

ZTE launches new smartphone in Canada

China Daily  

ZTE, the fourth-largest smartphone supplier in North America, introduced its first smartphone with Hi-Fi audio ZTE Axon to North America on Oct 27 in Toronto. "With 44 percent of Canadian smartphones running Google's Android platform, the Canadian market is an increasingly important one for ZTE's global success," said Cheng Lixin, chairman and CEO of ZTE North America. "Axon is not …

Let the next smartphone battle begin[1]- Chinadaily.com.cn
10 years, 2 months ago

Let the next smartphone battle begin[1]- Chinadaily.com.cn

China Daily  

Firms should focus on higher profit margins rather than boosting shipments, say experts Premier Li Keqiang's first trip of 2015, to the headquarters of smartphone giant Huawei Technologies Co Ltd in Shenzhen, Guangdong province, sent the world a clear message of the importance attached to the country's domestic handset industry. But as local vendors continue to take on established industry …

ZTE touts mobile at CES
10 years, 2 months ago

ZTE touts mobile at CES

China Daily  

Cheng Lixin, CEO and Chairman of ZTE USA, talks to a packed auditorium on Jan 5 announcing his company's expansion and development plan in the US. Photo by Chang Jun/China Daily ZTE said Monday it's all about the consumer mobile experience at the prelude to the Consumer Electronics Show. "As more consumers are using connected devices in their lives, the …

China to overtake US in mobile phone revenue
10 years, 10 months ago

China to overtake US in mobile phone revenue

China Daily  

China is set to become the world's largest mobile phone market in terms of revenue for the first time by year end, overtaking the Unites States, according to an industry report. Leading brands, such as Samsung Electronics Co, Huawei Technologies Co Ltd and Lenovo Group Ltd, have pledged to expand their distribution channels and bigger product spectrum to feed diversified …

China Mobile hits profit slump amid competition, new projects[1]- Chinadaily.com.cn
11 years ago

China Mobile hits profit slump amid competition, new projects[1]- Chinadaily.com.cn

China Daily  

China Mobile Ltd's booth at the 3-15 International Consumer Goods Exhibition in Dalian on March 13. Provided to China Daily China Mobile Ltd, the world's largest telecom carrier by subscribers, experienced its first annual net profit decline in more than a decade after the company invested heavily in mobile network projects and was put under pressure by Internet companies. At …

China Mobile hits profit slump amid competition, new projects[2]- Chinadaily.com.cn
11 years ago

China Mobile hits profit slump amid competition, new projects[2]- Chinadaily.com.cn

China Daily  

China Mobile Ltd, the world's largest telecom carrier by subscribers, experienced its first annual net profit decline in more than a decade after the company invested heavily in mobile network projects and was put under pressure by Internet companies. China Mobile attributed the weak performance to the effects of over-the-top products, such as WeChat, on traditional voice and text messaging …

China Mobile 2013 profit falls 5.9%[1]- Chinadaily.com.cn
11 years ago

China Mobile 2013 profit falls 5.9%[1]- Chinadaily.com.cn

China Daily  

BEIJING - China Mobile Ltd, the world's largest mobile carrier by subscribers, will spend more this year to bolster its 4G mobile network to counter its first annual profit drop in 14 years. For all of 2013, China Mobile's net profit fell to 121.8 billion yuan, the first drop since 1999, compared with a 125 billion yuan SmartEstimate of 31 …

MWC 2014: From Nokia X to Oppo, smartphones are all about price now
11 years, 1 month ago

MWC 2014: From Nokia X to Oppo, smartphones are all about price now

Firstpost  

Growth in global smartphone shipments will fall sharply this year and keep slowing through 2018, with average prices dropping significantly as the demand shifts to China. Growth in global smartphone shipments will fall sharply this year and keep slowing through 2018, with average prices dropping significantly as the demand shifts to China and other developing countries, market research firm IDC …

In China's smartphone boom, market share trumps margins – Firstpost
11 years, 4 months ago

In China's smartphone boom, market share trumps margins – Firstpost

Firstpost  

Savvy U.S. chipmakers are hitching their wagons to Chinese smartphone makers, willing to sacrifice profit margins to boost sales volumes in the world’s second-largest mobile phone market. “The guys that are most focused on emerging markets are seeing healthy growth rates.” Brisk demand for low-priced Android devices in China was the main driver of a 39 percent jump in global …

Smartphones 55% of global cellphone sales in Q3
11 years, 4 months ago

Smartphones 55% of global cellphone sales in Q3

Live Mint  

Frankfurt: Smartphone sales accounted for 55% of global mobile sales in the third quarter as customers in China and Latin America swapped their old phones for the higher end of the range gadgets, research firm Gartner said on Thursday. Worldwide smartphone sales rose nearly 46% from last year to 250.2 million units, it said, while overall mobile phone sales were …

Samsung Reports Record-High Profits
11 years, 5 months ago

Samsung Reports Record-High Profits

Slate  

Samsung continues its fairly dominant year-long romp through the mobile industry by reporting its highest profits ever in the third-quarter of 2013. In an interesting case of non-symmetrical competition, even though Samsung very much does make high-end smartphones that are meant to compete with Apple’s latest and greatest offerings, the growth area for Samsung has been in cheaper mid-range smartphones …

Smartphones outsell basic handsets for the first time
11 years, 7 months ago

Smartphones outsell basic handsets for the first time

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Smartphones accounted for 51.8 per cent of mobile phone sales in the second quarter of 2013, resulting …

ZTE India to launch 5 smartphones, eyes No. 3 spot
11 years, 10 months ago

ZTE India to launch 5 smartphones, eyes No. 3 spot

India TV News  

Pune, May 19: Aiming to become one of India's top three handset vendors, Chinese telecom major ZTE announced a tie-up with city-based firm Calyx to launch its smartphones in the domestic market. "With our foray into the open handset market in India, we want to become a dominant player here and be among the top 3 in the next three …

Global mobile phone sales: Samsung beats Nokia, Apple, says Gartner
11 years, 10 months ago

Global mobile phone sales: Samsung beats Nokia, Apple, says Gartner

Firstpost  

Global mobile phone sales increased marginally by 0.7 per cent to nearly 425.8 million units in the first quarter of 2013, helped by growth in Asia Pacific Global mobile phone sales increased marginally by 0.7 per cent to nearly 425.8 million units in the first quarter of 2013, helped by growth in Asia Pacific region. Beating Nokia and Apple “More …

Chinese firms join ranks of global leaders in patent applications
12 years, 4 months ago

Chinese firms join ranks of global leaders in patent applications

China Daily  

Nation's telecom equipment giants plunging resources into R&D sector The Chinese telecom equipment manufacturers Huawei Technologies Co and ZTE Corp are trying to further build their strengths in innovation and provide secure products to customers. According to the United Nations World Intellectual Property Organization, ZTE in 2011 applied for the largest number of patents offered through the Patent Cooperation Treaty, …

IFA 2012: ZTE announces first Intel-based smartphone
12 years, 6 months ago

IFA 2012: ZTE announces first Intel-based smartphone

Firstpost  

ZTE Corporation, a provider of telecommunications equipment, network solutions and mobile devices, has announced its first Android Ice Cream Sandwich smartphone with Intel Inside, the ZTE Grand X IN. The ZTE Grand X IN “The Grand X IN is ZTE’s first flagship smartphone in Europe to feature Intel Inside, and we look forward to building our partnership with Intel,” said …

ZTE looks to handsets for profits
13 years ago

ZTE looks to handsets for profits

China Daily  

ZTE looks to handsets for profits Updated: 2012-03-30 07:31 By Shen Jingting Telecom equipment maker stresses innovation, develops smartphones ZTE Corp, China's biggest mobile phone maker and second-largest telecom equipment manufacturer, said the company will strive to improve its profits this year by effectively increasing the gross profit margin of its handset business. China's second-largest maker of phone equipment aims …

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