Chinese LTE Boosts ZTE to Nearly Double Yearly Profit

Posted by daviddon on September 9th, 2015

Preliminary yearly financial results posted by ZTE yesterday show the telecommunications equipment maker and handset manufacturer set to go close to doubling its profit for the year to the end of December 2014. bästa mobilen

The guidance issued showed revenue hit 81.2 billion yuan ( billion), with net profit up 94 percent to 2.64 billion yuan, and operating profit improving from the 1.5 billion yuan loss last year to come in at 104 million yuan.

ZTE said that its profit growth was due to sales of time-division duplex long-term evolution (TD-LTE) and frequency-division duplex LTE (FDD-LTE) equipment in China, and an increase in its handsets in international markets, as well as improved contracts and expenses control.

In December, the company said it aimed to ship 60 million smartphones in 2015, and would be focusing on two or three core products, rather than the plethora of white-label handsets that the company is known for. prisvärd smartphone

"We had a large volume in the market, but it did not help increase our brand value," said Zeng Xuezhong, CEO of ZTE mobile devices, at the time. "We have introduced a strategy to increase the value, instead of the volume, of our products by focusing on developing core technology in major devices."

ZTE also holds a large patent portfolio, and is the second-most prolific filer of patents worldwide, behind Panasonic. köpa mobil på nätet

Lixin Cheng, chairman and CEO of ZTE US, told ZDNet in October that respecting intellectual property laws is important in a mature Western market like the US.

"The product [has to be] innovative by itself, but also, if you utilise others' technology, you better pay the licence so that you have a better position to defend yourself when other guys come after you," he said.

"If other companies want to come here as a copycat, that would be a disaster, and they would be sued out of the business very quickly. prisvärd mobil

"In terms of patents, you cannot afford this kind of mistake -- and I see so many mistakes from others."

ZTE USA and corporate management will be attending CES 2015, Jan. 6-9 taking place in Las Vegas. We hope that we can meet with you during the event. [Details]Broadband World Forum 2014You are cordially invited to visit ZTE at Broadband World Forum 2014, at the RAI Convention Centre in Amsterdam, 21st-23rd Oct, 2014. [Details]infoComm14InfoComm showcases the latest technologies for audio, video, display, projection, lighting and staging, digital signage, prisvärda mobiler conferencing, digital content creation, networking, signal distribution and much more. [Details]16th annual Next Generation Optical NetworkingOn behalf of ZTE Corporation, it is my great honor to invite you to attend the 16th annual Next Generation Optical Networking event, 23-26th June 2014 in Nice Acropolis, France. As one of the leading international optical network service and solution providers, Z

For more information visit here: http://www.zte.se/