ZTE aims to sell 60m smartphones in 2014

Demand for next-generation models set to surge amid expansion of 4G

ZTE Corp, China's second-largest telecom equipment maker, said it aims to sell more than 60 million smartphones this year and to become the world's third-largest smartphone vendor by 2016.

Zeng Xuezhong, ZTE's executive vice-president, said the company sold more than 40 million smartphones last year and that it expects a significant increase in sales this year.