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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Tuesday, November 2, 2010

ZTE's Sales Slow Sharply

ZTE said last week that its total operating revenue rose just 1.3% year-on-year in the third quarter to 15.34 billion Chinese yuan (2.29 billion US dollars). In the first nine months of 2010, the Chinese telecoms equipment company's revenue grew 7.5%.

For the first nine months, ZTE reported a year-on-year decline of 2.6% in its revenue from the sales of carriers’ networks, as a decrease in revenue from wireless products was partly offset by an increase in revenue from wireline products. ZTE said revenue from devices grew year-on-year by 30.5%, fuelled by strong demand for 3G handsets and data card products. source: ZTE statement

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