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Recession? ZTE terminal shipments up 30% for 1Q09

ZTE has announced that it sold 10 million terminal units worldwide in 1Q09, representing an increase of 30% compared with the same period last year. This achievement leads credibility to China's claim to be the fastest growing market globally. In fact, based on a report entitled 2008 China 3G Terminal Market Development released by CCID, an industry research company in China, ZTE's terminals products attained a total market share of 37.8% in 2008, "topping the entire China market." 
In 1Q09 68% of ZTE's terminal shipments were to overseas markets, deliveries going to over 100 countries and regions. During this time, ZTE's CDMA handsets recorded an impressive 2.5 million shipments in the global markets, exceeding total CDMA handset shipments in 2008. 
In addition, ZTE provided more than 2 million data cards to the global market in 1Q09. In 2008, the group shipped 10 million data cards to its worldwide customers, "registering a remarkable 426% increase over 2007 and setting a world record as the fastest growing company in the data card market."  
ZTE is continuing to realise its 3G strategy and has recently launched its newest 3G terminal products for TD-SCDMA, CDMA and WCDMA, divided into nine different terminal categories and 40 product types. The latest IT gadgets include mobile handsets, data cards, netbooks, monitors, digital photo frames, wireless phones, home gateways, modules and wireless walkie-talkies which are all examples of the company's 3G devices. 
According to ZTE's 1Q09 earnings announcement, the group as a whole recorded US$1.7 billion in revenue, representing an increase of 35% compared with the same period last year, largely driven by the growth from 3G terminals and CDMA handsets. Revenue from mobile handset products grew by 22.2% against the same period last year, representing a notable rise in product sales.

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