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After a lackluster 2016, ZTE recorded a whopping US$736 million profit in 2017

ZTE Headquarters. (Source: Digital Trends)
ZTE Headquarters. (Source: Digital Trends)
ZTE was hit with a massive US$892 million fine by the US government back in 2016, a fine that led to the company posting a massive US$377 million net loss for that year. All looks to be well with the Chinese electronics giant now, though.

ZTE, alongside Huawei, has come under rapid fire from the US government of late. Both Chinese electronics corporations have been accused of posing potential privacy risks to US citizens, leading to the government supposedly putting them on a watch list of sorts. 

The company was fined a massive US$892 million fee back in 2016, a fine that led to the Chinese company posting a massive US$377 million net loss at the end of the year. The company has bounced back from that setback, though, with sales numbers putting net profit for 2017 at a healthy US$736 million. Revenue for the entire year stood at an impressive US$17.44 billion. Of that amount, US$9.9 billion was earned in the Chinese market, with the rest coming from the international scene.

The company is set to continue its winning ways this year, too, as it has kicked off the year with the fine ZTE Blade V9 and V9 Vita devices. More important is the company's work on 5G technology—ZTE has claimed that it will launch 5G devices by late 2018 or early 2019, with 5G-powered smartphones and tablets supposedly already in the works.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2018 03 > After a lackluster 2016, ZTE recorded a whopping US$736 million profit in 2017
Ricci Rox, 2018-03-19 (Update: 2018-03-19)
Ricci Rox
Ricci Rox - News Editor - @riccirox
I'm a freelance copywriter who lives and dies for tech. Android, ​especially. The smartphone market is one going through an impressive growth spurt, so I crawl the Internet with keen interest in a technological ecosystem that doesn't seem to be slowing down anytime soon.