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ZTE, the world¡¯s seventh-biggest smartphone maker, aims to ship over eighty million of the devices globally next year because it chases higher-margin contracts and advantages from China¡¯s introduction of 4G telecommunication networks.

Shenzhen-based ZTE, that shipped concerning forty million smartphones last year, conjointly aims to ship concerning a hundred million in 2016, government vice-president Zeng Xuezong told Reuters in associate degree interview on weekday.

¡°We can create additional and additional premium smartphones,¡± Zeng aforementioned, adding that a minimum of sixty p.c, or forty eight million, of the cargo target for next year would be handsets compatible with fourth-generation (4G) communications networks.

¡°Only by doing therefore will we have a tendency to get regeneration from customers and succeed growth,¡± Zeng aforementioned.

The company told Reuters in Gregorian calendar month that shipments of its premium smartphone geographical area can grow a minimum of three hundred p.c year on year in 2014.

Zeng conjointly expected revenue from the company¡¯s terminal device unit, that sells smartphones and tablets, to grow over fifteen p.c in 2014 from a year earlier.

The forecast for higher 4G smartphone shipments comes at a time once ZTE and rival Huawei Technologies ar set to reap the rewards of contracts to make high-speed 4G mobile networks reception and abroad.

ZTE predicts world defrayment on 4G can be $100 billion in 2014 and that defrayment in China can be a hundred billion yuan ($16.13 billion).

The company is additionally targeting the fat profit margins secure by sales of high-end phones within the u. s. even when brass flagged security considerations concerning Chinese-made network instrumentality, that has been largely exclude of the U.S. and alternative markets.

Chinese mobile phone manufacturers also are grappling with low whole awareness within the world¡¯s second-largest smartphone market and perceptions of inferior quality.

¡°There¡¯s so a spot between the whole awareness of Chinese corporations and people prime world brands, and this is often what our team is attempting to make for customers,¡± Zeng aforementioned.

At home in China, the world¡¯s largest itinerant market with over one billion subscribers, ZTE competes with each Samsung physics Co Ltd and Apple opposition, further as domestic manufacturers Lenovo cluster, Huawei and in camera command Xiaomi.

ZTE¡¯s Hong Kong-listed shares rose zero.3 p.c on weekday, versus a 0.7 p.c increase within the suspend Seng Index.

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