One of the world’s largest smartphone manufacturers ZTEpublished 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. At work ZTE income…
How much revenue did ZTE generate?
One of the most talked about smartphone manufacturers in recent years ZTEWhile constantly expanding its product range in order to increase its market share, it also continues to cooperate with other companies. This affects the company’s earnings.
ZTE According to the information shared by the company, in the first quarter of 2024 30.58 billion Chinese yuan ($4.22 billion) earned income. This figure is annually 4.9 percent It is stated that the rate increases. The company’s net profit is annual 3.7 percent with increase 2.74 Chinese yuan It was announced as. this too for $372 million It corresponds. showing steady growth ZTE‘s research and development expenses 6.38 billion Chinese yuan ($880 million) was stated to be.
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ZTEcontinues to attract attention with its newly introduced smartphones. Company in February 2024 Galaxy Z Flip 5 rival Libero FlipHe introduced . Qualcomm Snapdragon 7 Gen 1 processor, 6.9 inch screen And 50 Megapixels The device, which has a main camera, managed to stand out in the market with its price. This increased the brand’s awareness.
Although it is not well known despite operating in Turkey, it carries out intensive work in many countries abroad. ZTEis 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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