ZTE credits 2014 94% profit rise to 4G equipment, smartphone sales
ZTE has reported its full year 2014 results showing a 94% increase in net profits, which the Chinese vendor attributed to 4G network equipment and smartphone sales. The kit maker claimed to be the world’s fastest growing provider of 4G solutions in 2014, and said it is using its strong position in the market to take the lead in 5G technology research.