VTech leads cordless telephone market

VTech announced
that it is the number one global manufacturer of cordless telephones, with
manufacturer share rising to 31 percent in 2010. The group also gained its
leadership position in Western Europe, according to a study carried out by MZA.

MZA’s Global Telecommunications Market Report confirmed
VTech produced more cordless phone base stations than any of its rivals in 2010

Growth was seen in all markets worldwide, particularly in
Eastern Europe, the Middle East and Africa. In Western Europe, the Group had
gained the leadership position, where its market share rose from 22 percent in
2009 to 29 percent in 2010.

“We are pleased once again to have independent
confirmation of our leadership position in the consumer cordless telephony
area, which is a testament to our innovation and technology, as well as our
ability to seize new opportunities for growth,” said Allan Wong, chairman and
Group CEO of VTech.

In the financial year ended 31 March 2011, VTech shipped
over 45 million handsets and its global sales of telecommunication products
reached $727.5 million.

In North America, the Group sells both AT&T and VTech
branded products in major retail stores. Outside North America, the Group
mainly supplies fixed line telephone operators, well-known brand names and
distributors on an ODM basis.

By Telecomlead.com Team
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