ZOOM Technologies, Inc. announced earnings results for the second quarter ended June 30, 2012. For the quarter, the company generated net revenues of $98.6 million up 71.3% over $57.6 million for the second quarter 2011. The increase in Revenue was mainly due to increased emphasis by sales team on selling whole handsets, especially own brand Leimone products.

Net income was $0.4 million compared to $1.5 million in the same period in 2011. Net income in the second quarter of 2012 as compared to the same quarter in 2011 was down $1.1 million. Decreased net income in 2012 relative to the same quarter in 2011 is indicative of a highly competitive market where gross margins have become very slim.