Well, this is bad news for Chinese manufacturer, ZTE, their shares have now dropped to a three year low by 17%. This news follows reports that the FBI is investigating ZTE for sales of banned equipment to the country of Iran. Even worse, ZTE has previously warned that their half-year profits could drop by up to 80%. The outlook isn’t looking too bright with ZTE and the fact that they haven’t released a single high-end handset in the U.S. doesn’t exactly help. ZTE is either going to have to get their act together or face the reality that they may not be able to stay in business much longer. Do any of you have a ZTE handset?
"FBI is investigating ZTE for sales of banned equipment to the country of Iran"
Might help if you added to the summary that the investigation isn't about ZTE selling their own products to Iran but reselling US products from HP, Dell, Oracle, etc to Iran.