Marbridge Daily

<- November 04, 2011 ->

ZTE Brazil Denies Rumors of Apple OEM Deal

Beijing Times, 11/04/11

Chinese telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ) has denied reports that it plans to manufacture Apple products in Brazil, saying the production facility will not engage in any contract manufacturing.

Brazilian media earlier reported that ZTE's factory in Hortlandia, Sao Paulo, will begin producing iPhones and iPads as early as the Christmas holidays this year. ZTE denied the rumors and said the factory is primarily aimed at satisfying fast-growing demand for ZTE products in Latin America, and that in 2012 ZTE Brazil will mainly focus on its own brands.

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