4G FORECAST: ZTE Corp, the world's seventh-biggest smartphone maker, sees sales of 4G smartphones accounting for at least 40% of its global smartphone shipments in 2014, a company executive said on Thursday. — Reuters
HONG KONG: Chinese telecom equipment maker ZTE Corp revised down its 2015 net profit on April 6 due to export curbs imposed by the US Commerce Department for alleged violations of sanctions against Iran.
Shenzhen-based ZTE said its 2015 net profit rose 22% to 3.2bil yuan (RM1.92bil). On Jan 19, the company reported a preliminary 2015 net profit of 3.8bil yuan (RM2.28bil).
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
