Global mobile markets could be shrinking at their fastest rate ever

Date:
Wed, 23 Aug 2023 08:53:15 +0000

Description:
RAN enthusiasm seems to have faded, leaving revenues in freefall.

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The initial enthusiasm surrounding Radio Access Network (RAN) has dwindled, and the market now experiencing quite a violent downturn, new figures have claimed.

DellOro Group said that RANs expansion phase has now faded, what was an intense ramp-up between 2017 and 2022. RAN revenues stabilized last year,
with the stabilization moving into Q1 2023, as well.

In the second quarter of the year, however, market conditions worsened, which triggered a decline in RAN at the fastest pace in nearly seven years. While the analysts said the decline was very much what everyone had expected, the magnitude of the reversal caught most of them by surprise. Huawei dominating

It is tempting to point the finger at data traffic patterns, 5G monetization challenges, and the odds stacked against an economy struggling with
persistent levels of elevated inflation, said Stefan Pongratz, Vice President at DellOro Group. Although these are, of course, important factors, we attribute the poor performance in the quarter to the clouds forming in North America. Alongside challenging 5G comparisons, the decline was amplified by the extra inventory accumulated over the past couple of years to mitigate supply chain risks, Pongratz continued. Read more

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The DellOro Groups report also stated that the top five RAN suppliers for the first quarter of the year were Huawei, Ericsson, Nokia, ZTE, and Samsung,
with Nokia recording the largest RAN revenue share between 2022 and H1 2023.

Huaweis quarterly RAN share reached the highest level in three years, with
the Chinese giants Q2 2023 revenue share outside North America being as large as Ericsson and Nokia combined. Ericsson and Samsungs RAN revenue shares, on the other hand, declined between 2022 and 1H23.

Global RAN revenues for the year are also expected to drop year-on-year, the researchers concluded. Check out the best phones right now



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Link to news story: https://www.techradar.com/pro/global-mobile-markets-could-be-shrinking-at-thei r-fastest-rate-ever


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