Beijing Summer Olympic Games Contributed to 12% Sequential Decline in Revenues
Redwood City, CA, November 17, 2008: The global wireless BTS infrastructure market revenues for the top OEMs grew by 3.7% for the third quarter of 2008 to $12.2 billion compared with the third quarter of 2007, according to the latest report from EJL Wireless Research titled "Global Wireless OEM Financial Results Q3 2008."
"The market experienced a decline on a sequential basis of 12% as all wireless equipment vendors were impacted by the Summer Olympic Games in China," says founder and President, Earl Lum. The report provides a unique perspective on the global wireless infrastructure revenues for major wireless OEMs including Alcatel-Lucent, Ericsson, Motorola, Nokia Siemens Networks, Nortel Networks, and ZTE.
"Given the undeniable decline in cap ex spending by mobile operators due to the global financial crisis, we believe that weakness could continue into Q4 and that overall revenues in USD may be flat to down 1-2% for 2008 compared with our prior outlook of 5-7% growth," says Lum. As Huawei Technologies is the only company not represented in this financial analysis, we believe that the results offer a realistic snapshot for the industry on how the overall market is progressing for 2008.
The report is currently available for purchase and information can be downloaded at www.ejlwireless.com.
About EJL Wireless Research
EJL Wireless Research provides proprietary, accurate and cutting-edge market analysis and consulting services on the wireless technology ecosystem. The firm focuses its research on all vertical elements of the wireless ecosystem including mobile subscribers, mobile operators, mobile handsets, mobile infrastructure and mobile content. In addition, the firm provides analysis across horizontal technology suppliers including RF semiconductor materials, RF semiconductor/components, subsystems and OEMs. Our goal is to provide our clients with mission critical market analysis and information.
EJL Wireless Research is managed by Earl Lum. Mr. Lum has 15 years of experience within the wireless industry including 8 years as an Equity Research Analyst on Wall Street covering the global wireless industry. The company is headquartered in Redwood City, CA USA. For more information about EJL Wireless Research, please visit the company's website at www.ejlwireless.com.