ZTE Corporation has published its annual results for the year ended 31st December 2011.
Revenue increased to RMB86.25 billion (£8.62 billion), up 23.4% year-on-year, while net profit was down 36.6% to RMB2.06 billion.
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Mark Bridge writes:
Mobile World Congress is over for another year. Also gone is the mobile industry’s sudden obsession with public transport and student protests in Barcelona. But away from the local news, what’s been going on?
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ZTE’s promise to introduce eight new mobile devices at Mobile World Congress was made good on Monday.
The ZTE Era, which will be available in the second half of this year, is a slim Android phone running the NVIDIA Tegra 3 quad-core chip. It’s 7.8mm deep and has a 4.3-inch screen. Other devices included the Android-powered ZTE PF112 with a 4.5-inch screen, two new quad-core tablets for the European market and a Windows Phone handset called the ZTE Orbit.
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Following Orange’s announcement that it’ll have an Intel chip in its own-brand smartphone later this year, Intel has revealed new partnerships with the ZTE and Lava mobile phone businesses.
It already has smartphone agreements with Motorola Mobility and Lenovo.
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ZTE is the latest company to promise a quad-core mobile phone for Mobile World Congress.
Following the announcement of the quad-core LG Optimus 4X yesterday (and the Sony PlayStation Vita hitting the shops earlier this week), ZTE says it’ll unveil 8 new devices on Monday in Barcelona... including a quad-core handset.
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