ZTE Named World's 4th Biggest Smartphone Manufacturer
ZTE Corporation (“ZTE”) (0763.Hong Kong /000063.Shenzhen), a leading global provider of telecommunications equipment, network solutions and mobile devices, today announced that it climbed one position to become the 4th biggest smartphone manufacturer in the world during the third quarter of 2012, according to IDC, a leading provider of global ICT market research and advisory services.
The IDC report, Worldwide Quarterly Mobile Phone Tracker, details that ZTE shipped 7.5 million smartphones in the third quarter of 2012, closely following RIM with only 0.1 percentage points between them. Number 5 in Q2, ZTE overcame HTC in the last quarter to rank in the global top four smartphone providers for the first time.
The IDC data showed that ZTE's increased market share is due to continued international diversification efforts in Q3. Traditionally dependent on sales in China, ZTE has now achieved significant uptake in developed countries with 35 percent of its overall smartphone shipments being sold in leading international markets, especially North America.
“The performance of our flagship Grand series smartphones has been a major driver of ZTE's continued growth in the sector. These include both 3G and LTE devices such as the quad-core Grand Era, the dual core Grand X, and the Intel powered Grand X In. We also launched the world's slimmest Quad-core Smartphone, Grand Era U985, in Q3,” said Mr. He Shiyou, ZTE EVP and Head of the Terminal Division.
“To maximize the exposure of these smartphones, we have focused on building our distribution channels across the world. Our flagship device, the ZTE Grand X, for example, has now been launched with top distributors in the UK, Switzerland, Turkey, Russia and Italy,” added Mr Shiyou.
ZTE smartphone shipments for the full year of 2011 were more than 15 million, an increase of 400% over 2010, making ZTE the fastest growing smartphone maker after Apple.
Source: IDC Press Release, "Smartphones Drive Third Quarter Growth in the Worldwide Mobile Phone Market, According to IDC," 25 October 2012. Available: http://www.idc.com/getdoc.jsp?containerId=prUS23753512
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every telecommunications sector, including wireless, access & bearer, VAS, terminals and professional services. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to meet the changing needs of their customers while growing revenue. In 2011, ZTE's revenue increased by 29 per cent to USD13.7 billion. Its overseas operating revenue grew 30 per cent to USD 7.4 billion during the period, accounting for 54.2 per cent of overall operating revenue. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in several international bodies devoted to developing telecommunications industry standards. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. The company is China's only listed telecom manufacturer that is publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.