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ZTE Pushes Past RIM
ZTE became the world’s fifth largest smartphone vendor in the second quarter, it announced today, overtaking Research in Motion (RIM).
That’s according to research firm IDC’s Worldwide Quarterly Mobile Phone Tracker, which shows that thanks to sales of eight million smartphones in the second quarter ZTE has slipped onto the top five list. RIM, which was fourth on the list in May, is now nowhere to be seen, as sales of the firm’s Blackberry handsets continue to falter.
With eight millions smartphones shifted in the second quarter, ZTE’s shipments increased 300 per cent compared to the second quarter last year, helping it snatch a 5.2 per cent share of the worldwide market and making it the fastest growing smartphone maker after Apple. This puts the firm just 0.5 per cent behind Android phone maker HTC and just 1.4 per cent behind Nokia.
Unsurprisingly, rivals Apple and Samsung fill the top two spots, holding on to 16.9 per cent and 32.6 per cent of the smartphone market, respectively.
“ZTE’s great smartphone performance in 2012 in international markets has been a major contributor to our consistent expansion, and is a demonstration of the depth and strength of our R & D,” said ZTE EVP and head of its Terminal Division He Shiyou.
“We have moved into the middle to high-end smartphone market with the recent launch of the ZTE Grand X in countries including China, Turkey and the UK, and we will continue to build our handset capabilities in the middle and high range sectors, while still delivering great lower-end smartphones like the ZTE Kis.”
Cisco Gives Employees The Boot
Network equipment maker Cisco Systems said on Monday that it plans to eliminate about 1,300 jobs as part of ongoing efforts to restructure the company.
“We are performing a focused set of limited restructurings that will collectively impact approximately 2 percent of our global employee population,” the company said in an emailed statement.
These actions are part of a continuous process to simplify the company and assess the economic environment in certain parts of the world, it said.
Cisco had 65,223 employees at the end of its fiscal third quarter, according to its website.
Cisco last year started a plan to cut expenses by $1 billion in an effort to make the company leaner and more efficient.
RIM Cuts 11% Of Workforce
July 31, 2011 by admin
Filed under Smartphones
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BlackBerry maker Research In Motion Ltd plans to slash approximately 11 percent of its workforce to curb costs as it struggles to compete against Apple Inc and Google Inc.
The announcement of 2,000 job cuts on Monday came a month after the Canadian company acknowledged that it would reduce headcount for the first time in a decade.
One analyst said the job cuts were slightly deeper than expected but were key to RIM’s recovery from a slump triggered by product delays and intense competition from Apple’s iPad and iPhone as well as devices powered by Google’s Android software.
RIM’s U.S.-listed stock, already near multi-year lows, was down as much as 2 percent before the market opened. It was trading down 1.8 percent at $27.40 on the Nasdaq
just before the open.
“This is not totally unexpected. I think the size of (the cuts) is a little bit bigger than what they were intimating before,” said Jefferies & Co analyst Peter Misek. “I think this is obviously realigning the cost structure to a new growth, or sales, reality.”
RIM said one-time charges from the job cuts were not included in its outlook for the second quarter or for the full year, and it would explain the financial impact of the cuts when it reports second quarter results on September 15.