NEW YORK, NY -- (Marketwire) -- 10/31/12 -- The telecom industry has performed well this year as service providers continue to deliver growth, which has been driven by smartphone demand. Global Industry Analytics (GIA) argues that the market size of the global telecommunications industry might reach $1.8 trillion in the next three years. Five Star Equities examines the outlook for companies in the Telecom Industry and provides equity research on Clearwire Corporation (NASDAQ: CLWR) and MetroPCS Communications Inc. (NYSE: PCS).
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A recent report from research firm Strategy Analytics has shown that the number of smartphones in use in the third quarter of 2012 surged 47 percent, from the year-ago quarter, to 1.03 billion. Nokia introduced the first smartphone in 1996 and it has taken the smartphone industry 16 years to top the 1 billion mark. According to Strategy Analytics that number is expected to double to 2 billion by 2015.
"Smartphone penetration is still relatively low," Neil Mawston, London-based executive director at Strategy Analytics, said in the statement. "Most of the world does not yet own a smartphone and there remains huge scope for future growth, particularly in emerging markets such as China, India and Africa."
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Clearwire holds the deepest portfolio of wireless spectrum available for data services in the U.S. Sprint, who owns 48 percent of Clearwire, plans to use the company's high-speed network to help boost its capacity and service. Clearwire ended third quarter 2012 with approximately 10.5 million total subscribers, up 10% from 9.5 million subscribers in third quarter 2011.
MetroPCS is the fifth largest facilities-based wireless carrier in the United States based on number of subscribers served. At the end of the third quarter MetroPCS had approximately 9 million subscribers. The company's third quarter net income surged 178 percent, compared to the year-ago quarter, to $193 million despite losing 312,000 subscribers.
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