Ina Fried

Recent Posts by Ina Fried

Sales Up, Profits Down at China’s ZTE

Fast-growing Chinese smartphone maker ZTE said on Thursday that it had revenue of 86.25 billion yuan in 2011 ($13.67 billion), up 23.4 percent from the prior year.

The company said it was the second-fastest-growing smartphone maker in the world, and the fourth-largest mobile phone maker overall.

ZTE said it gained in its home market as well as other markets, including the U.S., where the company has been steadily increasing its presence.

Despite the increased sales, though, ZTE saw its profit drop by more than a third, to 2.06 billion yuan ($326.5 million).


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik