Disqus
You may or may not have heard of ZTE. They’re a company based out of China that make mobile phones for operators all over the world, such as a solar powered model for Kenyan operator Safaricom, but more importantly they sell infrastructure equipment so that you and I can curse at our devices when they switch from HSPA to EDGE, and iPhone users can cry thanks to getting a majority of their calls dropped. The company just posted their 1H2009 results, and compared to 1H2008, they made 40.4% more revenues, or $4.06 billion, and 40.5% more in profits, or $114.2 million. Granted, a lot of that money came from their home turf due to China attempting to expand their 3G capabilities. Revenues for the China market increased by 111.7% or $2.19 billion, while the international market, which accounts for 46.0% of total revenues, only increased by 0.7% or $1.87 billion. In conclusion: China’s wireless sector is booming, while the rest of the world is buying microwave dinners and sitting in front of the TV because they’re too poor to eat out.
[Via: Digitimes]
About The Author
Stefan Constantinescu
Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.
