I revisited the Gartner global phone figures I published in an earlier post and found a surprising statistic.
Only three companies in the world GREW sales more than 1%, Samsung 5.3%, Apple 2.3% and ZTE 1.3%.
Now Samsung and Apple shares are at the top of their game, but ZTE has fallen from a high of over 30rmb to a current price of 11rmb. The reason was a dramatic profit decline. ZTE makes phones but they are tiny part of a huge telecoms giant. I am not suggesting they are a good investment at this point as I have just begun to look at their company. But it is interesting that everyone else lost share....they stand out from the crowd.
Below from Reuters this week.
(Reuters) - ZTE Corp (0763.HK), the world's fourth-biggest mobile phone vendor and fifth-ranked telecoms gear maker, posted an 85 percent drop in quarterly profit, as the Chinese firm's margins were squeezed by sluggish equipment sales and fierce competition in handsets.
Only three companies in the world GREW sales more than 1%, Samsung 5.3%, Apple 2.3% and ZTE 1.3%.
Now Samsung and Apple shares are at the top of their game, but ZTE has fallen from a high of over 30rmb to a current price of 11rmb. The reason was a dramatic profit decline. ZTE makes phones but they are tiny part of a huge telecoms giant. I am not suggesting they are a good investment at this point as I have just begun to look at their company. But it is interesting that everyone else lost share....they stand out from the crowd.
Below from Reuters this week.
(Reuters) - ZTE Corp (0763.HK), the world's fourth-biggest mobile phone vendor and fifth-ranked telecoms gear maker, posted an 85 percent drop in quarterly profit, as the Chinese firm's margins were squeezed by sluggish equipment sales and fierce competition in handsets.
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