For the top 10 global phone companies and equipment makers, the second quarter of 2009 wasn’t too bad, even despite the struggling economy. Thanks to growing demand for wireless data and broadband, things are looking up for the telecom industry.
The data aggregated by Telegeography, a market research firm, shows that revenues rose by a fraction of a percent from the first quarter of 2009, to $231 billion, and were 3 percent higher than the second quarter of 2008. The fractional gains show that market is still competitive and phone companies are using price discounts as a way to sustain their market shares. For equipment vendors, sales totaled $63 billion, up 4 percent from the previous quarter but down 6 percent from the same quarter last year. We can expect this slow recovery to continue in coming months as telecom market returns to normalcy.