ZTE Corporation, a leading global telecommunications provider, is riding the AI wave with a heightened focus on AI smartphones. During its 2023 performance briefing, executives announced plans to expand its AI mobile phone lineup with upcoming releases scheduled throughout the year.
In April, ZTE fans can expect multiple new Nubia AI mobile phones, with a flagship AI device aimed for a mid-year release.
Powered by the ZTE Nebula OS system, these devices will connect to a centralized AI platform, leveraging large models, big data, and 3D technology. ZTE promises full-stack AI integration across imaging, performance, and security features.
ZTE has already introduced several innovative products this year. In February 2024, the company launched devices like the Nubia Flip 5G foldable phone and the Nubia Pad 3D Ⅱ tablet. Additionally, they unveiled the Nubia Focus 5G and Pro 5G, along with the China-exclusive Z60 Ultra smartphone.
ZTE’s commitment to innovation is reflected in its robust 2023 annual report. The company reported a net profit of 9.325 billion yuan, marking a significant 15.41% year-on-year increase. Total operating income in 2023 was 124.2509 billion yuan, an increase of 1.05% compared to the previous year.
In 2023, the group’s gross profit margin was 41.53%, a year-on-year increase of 4.34 percentage points. This improvement was largely attributed to better gross profit margins across ZTE’s core businesses of operator network, government and enterprise, and consumer business.
Additionally, operating costs decreased by 5.93% to 72.6503 billion yuan, primarily due to cost reductions in the government, enterprise, and consumer business sectors. These strong financial results show that ZTE can invest in the competitive AI mobile phone market.
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Via: gizmochina.com
