Deloitte: U.S. may invest $53 billion in 4G networks over next five years

By on August 23, 2011 at 8:50 PM.

Deloitte: U.S. may invest $53 billion in 4G networks over next five years

Wireless telcos in the United States are poised to invest as much as $53 billion in 4G wireless network technology and buildouts over the next five years, resulting in as much as $151 billion in gross domestic product growth. A new report from accounting and consulting firm Deloitte suggests that that 4G expansion by U.S. wireless companies could also create as many as 771,000 new jobs between 2012 and 2016. Deloitte sees $25 million as the minimum 4G investment from telecommunications companies over the next five years, resulting from a scenario where companies deploy 4G networks at a moderate pace and transition slowly from 3G to 4G. If Verizon Wireless’ current pace is any indication, this will likely not be the road major carriers will take with 4G rollouts. The firm believes as much as $53 billion will be spent, however, if U.S. carriers take a leadership roll by deploying 4G faster than carriers in other regions. “Investment in such a powerful form of communication contributes to the economic recovery and provides a job-creating engine for the future,” said Phil Asmundson, Deloitte vice chairman and U.S. media and telecommunications sector leader, in a statement. “The key to harnessing the potential benefits of 4G technology lies in America’s market-driven wireless sector, which encourages the emergence of innovative applications that spur productivity and could produce the same surge of innovation and demand we experienced during the 3G era.” Deloitte’s full press release follows below. More →

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IMS: Annual smartphone sales to reach 1 billion units by 2016; Apple, Samsung winners so far

By on July 27, 2011 at 5:01 AM.

IMS: Annual smartphone sales to reach 1 billion units by 2016; Apple, Samsung winners so far

More than 420 million smartphones will be sold around the world in 2011, accounting for 28% of total cell phone sales according to market research firm IMS Research. The firm sees the recent surge of more affordable smartphones as playing a major role in the continued growth of the market, and IMS analysts estimate that global smartphone sales will reach 1 billion devices by 2016 thanks to entry-level smart handsets. In recent months however, IMS’ data shows that Apple has made some of the largest gains in the space, accounting for 19% of global smartphone sales in the first quarter of 2011 compared to 16% in the same quarter last year. Of course Apple’s share continued to climb in the second quarter as well, as the company reported industry-leading sales of 20.4 million smartphones. The only company that made more impressive unit sales gains year-over-year in the first quarter was Samsung according to IMS; the South Korea-based vendor accounted for 13% of smartphones sold in the first quarter compared to just 3% in the same quarter in 2010. The biggest losers in the first quarter were Nokia, which slid from a 40% share in the first quarter last year to 24% in Q1 2010, and RIM, which dropped from 20% to 15% over the same period. The firm’s full press release follows below. More →

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