Even as China-sourced consumer revenues are in decline, ZTE is racking up an increase in revenue.

Operation earnings were up 17.8 percent year-on-year to ¥25.75 billion or about $3.7 billion, resulting in a ¥1.21 billion profit for the first quarter of the fiscal year.

The company has improved on sales of its backhaul products. ZTE’s 5G servers make up 70 percent of China Mobile’s data centers. It’s also gaining ground in RCS messaging infrastructure and is churning out IoT chipsets as well.

While the company acknowledges its global smartphone releases, its opaque financial reporting doesn’t disclose any sector-specific figures. We do know that it’s taking 3,000 employees off the mobile division’s payroll this year and that it will be accountable to a $1.2 billion fine by the US government for its unlawful trade with Iranian companies. The company’s certainly not ready to rest on its laurels yet.

You May Also Like

HTC Wildfire R70 goes official with triple cameras and primitive micro USB port

HTC is alive and kicking. The Taiwanese company has not hung up…

Should you get the Galaxy S20 or the iPhone 11?

Samsung Galaxy S20 defines the Android flagship trend in 2020, but iPhone 11 is also an excellent purchase at a lower price. So, which one should you buy?

Tons of Apple deals are available right now on Amazon and B&H

Today’s deals come from Amazon and B&H, and they have a massive selection of Apple devices on sale, plus some other interesting products