DALLAS, Dec. 2, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Zoom Technologies Inc. (Nasdaq:ZOOM). The report details the company's most recent developments and news, outlines its financial position and market performance, and includes an easy-to-read stock chart.
MicroStockProfit.com is the premier destination for investment information, making your trading decisions easier than ever. Get the rundown on how ZOOM stacks up against its competitors and check-out the stock's technical data by viewing the free, in-depth report for ZOOM at: http://www.microstockprofit.com/lp/ZOOM
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In the report, the analyst notes:
"The Chinese mobile phone maker last month said its Leimone brand 3G mobile phones have been approved by China Mobile for its TD-SCDMA product lineup expected for the first quarter of 2012."
"ZOOM reported revenues of $50.75 million for the third quarter ended September 30, 2011, a decrease of 29.7% compared to $72.16 million in the corresponding quarter in 2010. The Company attributed the decrease to reduction in sales in both the OEM sector and of its own branded mobile phones, resulting from credit tightening policies in China."
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