Q3 '14: ZTE: US Prepaid and LTE Phones Deliver Record Revenues

ZTE handset wholesale revenues grew +55% YoY worldwide in Q3 2014. Its global wholesale ASP surged +34% annually. The company further improved its profitability. ZTE’s new “high value” strategy is finally paying off. The wealthy US market is the key to ZTE’s success, where the vendor has quietly become the no.2 handset player in the fast-growing prepaid segment.