June 20, 2012
ZTE Looking at Ten Percent Annual Growth Rate in the U.S. Market
By Raju Shanbhag
Chinese telecommunications company ZTE (News - Alert) believes that the U.S. market will surpass domestic sales and will become its biggest market for handsets and tablet computers by 2015. As in September 2011, China accounted for 35 percent of the company’s sales whereas the U.S. accounted for only 10 percent of the same. But the company predicts the U.S. mobile device revenue growth to go up to more than 50 percent in the next three years.
Recently, the company announced that its supply chain partnership has gone up to more than $13.7 billion in various technology corporations. The company has also announced that it will sustain the investment with 10 percent annual growth.
The company stressed on the advantages of bilateral investment to the U.S. and China. It also stated that by growing segments of the U.S. population, it was predicting continued growth in the smartphone segment led by increased adoption. The company also has various growth strategies which will be a part of a panel of executives from top Chinese companies operating in the United States, the company stated in a press release.
“From opening research and development centers to working with a wide range of wireless companies to develop new products, ZTE is committed to expanding the U.S. market through continuous investments. Put simply, we believe Chinese investment in the U.S. is beneficial for businesses in both countries," said Lixin Cheng, president of North America Region of ZTE Corporation and CEO of ZTE. "At ZTE, our mission is to help people around the world connect with one another in meaningful and affordable ways.”
Recently, the company introduced its unique 400G/1T dense wavelength division multiplexing (DWDM) multi-application network device prototype. The prototype was showcased by the major telecommunications equipment and network solutions provider, ZTE, at the 16th WDM & Next Generation Optical Networking Forum, held in Monaco. Seven varied network applications can be executed by the device as per the different needs of the carriers.
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Edited by Brooke Neuman
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