30.03.2012 10:20 Uhr, Quelle: Engadget

ZTE announces 2011 financials: turnover up, profits down, political scandals tricky

ZTE's annual earnings report is out and it's a mixed bag for the Chinese company with aspirations to go west. Turnover grew to 86.25 billion RMB ($13.7 billion) but net profit fell a hefty 36.6 percent to 2.06 billion RMB ($327 million). More than half of that revenue came from overseas as the company moves into the global space and, while some of the cash came from its smartphone business, much more came from its infrastructure arm that supplies LTE gear to networks. At the same time, ZTE is having to deal with accusations that it

Weiterlesen bei Engadget

Digg del.icio.us Facebook email MySpace Technorati Twitter

JustMac.info © Thomas Lohner - Impressum - Datenschutz