ZTE , one of the world’s largest smartphone manufacturers , published its financial report for the first quarter of 2024 to attract the attention of investors. Thus, it became clear how much money the company earned. Here is ZTE revenue…
How much revenue did ZTE generate?
ZTE , one of the most talked about smartphone manufacturers in recent years, is constantly expanding its product range in order to increase its market share, while also continuing to cooperate with other companies. This affects the company’s earnings.
According to the information shared by ZTE , the company earned a revenue of 30.58 billion Chinese yuan ( $4.22 billion ) in the first quarter of 2024. It is stated that this figure increases by 4.9 percent annually . The company’s net profit was announced as 2.74 Chinese yuan, with an annual increase of 3.7 percent . This corresponds to 372 million dollars . It was stated that ZTE ‘s research and development expenses, which showed stable growth, were 6.38 billion Chinese yuan ( 880 million dollars ).
ZTE continues to attract attention with its newly introduced smartphones. The company introduced the Galaxy Z Flip 5 rival Libero Flip in February 2024 . The device, which has a Qualcomm Snapdragon 7 Gen 1 processor, 6.9 inch screen and 50 Megapixel main camera, managed to stand out in the market with its price. This increased the brand’s awareness.
ZTE , which operates in Turkey but is not well known, carries out intensive work in many countries abroad and is trying to increase its share in the sector with the steps it takes. In this regard, the company may become a hot topic in the technology world with new developments.
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