ZTE soars in smartphone arena predicting 40% sales growth

Chinese manufacturer ZTE is continuing its assent in the mobile arena with new forecasts predicting a boom in smartphone shipments for the company in 2013.

ZTE is now the fourth biggest handset maker in the world and expects to sell around 50 million smartphones next year, up from the 35 million units it forecast for 2012, a company executive has told Reuters. The figures represent a steep 40 per cent uptick in shipments over 12 months, demonstrating the speed of the firm’s growth and sustained confidence in the smartphone market.

"We think next year will be very good (for smartphones)," He Shiyou, ZTE's executive director said to Reuters in Shanghai.

ZTE’s arrival among the world’s smartphone elite was heralded in data from research firm IDC last week, which charted the company behind the more familiar faces of Samsung, Apple and BlackBerry manufacturer RIM in handset sales. One model that has boosted ZTE’s stock is the Grand X phone, which is reviewed here.

The positive wave of statistics provides a welcome boost for ZTE, following accusations that the firm and fellow Chinese group Huawei were security threats in the industry. A US congressional committee said businesses should be wary of the companies’ connections with China’s government and warned that security flaws in their products could be exploited for espionage purposes.

Both ZTE and Huawei vigorously denied the claims, which were even refuted by the White House.