No-Contract Mobile Service Drives Significant Growth for ZTE in the U.S.
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 2013 Business Wire 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. no-contract market. 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 plans. “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. Contact: Media Contact: Ogilvy Public Relations Mary Baker, (202) 729-4147 email@example.com