The mobile communications equipment market’s revenue is on track to grow...
The mobile communications equipment market’s revenue is on track to grow 13 percent this year, IHS iSuppli said Tuesday in a market report. Total factory revenue from mobile communications equipment is forecast to reach $376 million by the end of…
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the year, up from $334 million in 2011, IHS said. Growth will continue into 2013, with revenue reaching $444 million by year’s end. That growth is being fueled by rising shipments of mobile handsets and tablets, especially those that support 4G LTE, IHS said. “The wireless equipment market is continuing to grow this year despite facing daunting economic headwinds, including the slowdown in China and the turmoil engulfing the euro zone,” said Francis Sideco, IHS principal analyst-wireless communications, in a news release. “To be sure, growth this year will be lower than the much more sizable expansion of 29 percent in 2011. However, the market’s double-digit rise in 2012 is a testament to the ongoing appeal of cellphones and tablets to global consumers” (http://xrl.us/bn3rec).