Chinese company ZTE takes 5% market share of global smartphone business

The Chinese company and manufacturer of IT and mobile technology products, ZTE has taken five per cent market share of the world’s smartphone business.

In the second quarter of 2013, the company shipped 11.5 million smartphones, “a year-on-year increase of 79%,”according to data from research company Strategy Analytics.

This sales performance has made made ZTE the highest-placed Chinese smartphone manufacturer and the company hopes to leverage its strengthening position in the global smartphone market to develop products focused on three key segments: 4G, high-end devices, and phones based on newer platforms such as Intel chipsets and the Firefox operating system.

In view of strengthening its position, therefore, the company plans to unveil its self-developed chipset to power 4G devices at the PT/EXPO COMM CHINA 2013 conference in Beijing in September.

“The ZTE chipset will be the first in the industry to attain 4G standards in communications and data throughput, heralding a breakthrough in 4G technology globally,” it says.

By Emmanuel K. Dogbevi