ZTE reported 5.21 percent decrease in revenue generated from carriers’ networks.
However, the company posted 15.36 percent increase in revenue generated from terminal products.
It said the company observed rapid growth in 3G handsets sales, and decreased sales of GSM handsets and data cards.
ZTE’s telecommunications software systems increased 23.29 percent. This is primarily due to the growth in sales of video and network terminal products.
In a statement, ZTE said: “During the reporting period, the growth of investment in equipment by the global telecommunications industry continued to slow down, although market demand for smart terminals continued to increase in tandem with the development of the Mobile Internet and the growing variety of mobile applications, while government and corporate networks and the cloud computing sectors provided the driving force behind the development of the ICT industry.”
In China, ZTE was tracking the network construction plans of carriers in a bid to fortify its market shares amidst the slowdown in investments in the telecommunications industry.
“Internationally, though carriers were becoming cautious in their network equipment investment, the Group continued with its efforts in international market development to strengthen cooperation with global mainstream carriers in various products,” ZTE added.
