ZTE targets to be the world’s top five mobile phone vendors within the next 3 years (China)
ZTE, China’s largest handset manufacturer aiming to become one of the world’s top five mobile phone vendors within the next three years. According to a local media report, the company, currently ranked sixth in global market-share, aims to increase annual shipments from 50 million units to 100 million units in 2010. Latest updates reveals that ZTE is aiming to increase the proportion of revenue contributed by its handset division. ZTE dominated the mobile basestation market in Q2 this year, winning 31% of all contracts worldwide, a reserch report discloses. Securing the number five handset spot would see ZTE overtake current fifth-placed player Sony Ericsson, which has 8.2% of the market, report reveals. Nokia dominates with 40.9% market share in Q2 and Samsung begs second position with 15.3%.
