ZTE was the world’s eighth-largest smartphone supplier in the first quarter on shipments of 12.1 million handsets, cornering a 3.2 per cent market share behind Xiaomi and ahead of Lenovo Group, according to Counterpoint Research. Photo: Reuters

ZTE profit climbs on 4G projects, overseas smartphone demand

Shenzhen-based telecommunications equipment supplier has reported a 29.8pc increase in net profit for the six months ended June 30

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ZTE was the world’s eighth-largest smartphone supplier in the first quarter on shipments of 12.1 million handsets, cornering a 3.2 per cent market share behind Xiaomi and ahead of Lenovo Group, according to Counterpoint Research. Photo: Reuters
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