No-Contract Mobile Service Drives Significant Growth for ZTE in the U.S.
ZTE reaches year-over-year growth rate of 85.7 percent in the first quarter of
RICHARDSON, Texas -- May 21, 2013
ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code:
000063.SZ), a publicly-listed global provider of mobile devices,
telecommunications equipment and network solutions today announces the company
has been named the fastest growing smartphone vendor in the United States over
the last year by Strategy Analytics. ZTE achieved a year-over-year growth rate
of 85.7 percent in the U.S. market in the first quarter of 2013.
ZTE’s growth in the U.S. can be attributed to the company’s increasing share
of the no-contract market, which the company has realized by leveraging its
strong relationships with the major U.S. carriers, producing a robust product
line up, and offering the best value to both carriers and consumers. ZTE has
launched 18 no-contract smartphones (three of them are LTE smartphones) in the
U.S. with major carriers such as AT&T, Boost Mobile/Sprint, T-Mobile,
MetroPCS, Cricket Wireless and Tracfone. ZTE’s most recent no-contract
products include the launch of a smartphone, feature phone and tablet with Aio
Wireless, an emerging no-contract brand in the U.S. market. According to ITG
Market Research Inc., in the first quarter of 2013, ZTE was ranked the third
largest smartphone manufacturer with 17 percent market share in the U.S.
A recent study by PricewaterhouseCoopers crystallized the trend toward
no-contract by finding that, on average, 29.2 percent of total mobile phone
service revenue was generated by no-contract plans last year, as compared to
22.5 percent the prior year. Other studies show that in 2013, one in four
people will opt for the no-contract plan, which is expected to increase to one
in three people by 2014. Today’s no-contract consumers are able to experience
the same cutting-edge high-tech cell phones as the contract consumers while
also enjoying the benefits and flexibility associated with no-contract service
“We have a long history of being the accelerator that places great
communications technology into the hands of more people,” said Lixin Cheng,
ZTE USA CEO and SVP of ZTE Corporation. “ZTE offers a full range of mobile
devices that enrich people’s lives so they can be happier and more productive.
Whether it is a smartphone, tablet or hotspot consumers will find a ZTE mobile
device that meets their needs.”
ZTE is relatively new in the U.S. market. But the company is growing fast.
Looking to the future, ZTE will work to deepen its relationships with carrier
customers and consumers alike to deliver quality products and unparalleled
value to this market.
About ZTE USA
ZTE USA is a subsidiary of ZTE Corporation (H share stock code: 0763.HK / A
share stock code: 000063.SZ), a leading global provider of mobile handsets,
telecommunications equipment and network solutions. ZTE USA is dedicated to
making quality communications technology accessible to all. ZTE USA is
headquartered in Richardson, Texas and has ten offices, five R&D centers and
one logistics center in the U.S. The company draws on more than 25 years of
experience and research investment to deliver smart, affordable, quality
choices for infrastructure and mobile data device customers nationwide. For
more information, please visit www.zteusa.com and connect with us on our
social networks – @ZTE_USA and ZTE USA on Facebook.
Ogilvy Public Relations
Mary Baker, (202) 729-4147
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