NEW YORK, NY -- (Marketwire) -- 11/07/12 -- The global demand for mobile devices such as smartphones and tablets has led to an increased focus on high speed LTE networks. IHS iSupply forecasts global capital spending on the 4G/LTE infrastructure to nearly triple from the expected $8.7 billion in 2012 to $24.3 billion in 2013. The Paragon Report examines investing opportunities in the Communication Equipment Industry and provides equity research on JDS Uniphase Corp. (NASDAQ: JDSU) and InterDigital, Inc. (NASDAQ: IDCC).
The number of smartphones in use globally recently topped 1 billion according to research firm Strategy Analytics. The number of smartphones in use in the third quarter of 2012 totaled 1.03 billion, a 47 percent increase from third quarter 2011. By 2015, Strategy Analytics forecasts that number to exceed the 2 billion mark.
"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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JDSU offers the industry's only 4G/LTE test solution encompassing end-to-end, real-time tracing, assurance, and OSS to unlock the performance and revenue potential of LTE. For the fiscal first quarter the company reported revenues increased 1 percent year-over-year to $420.9 million. "Our solid fiscal Q1 results reflect JDSU's ability to deliver to its commitments even during periods of economic uncertainty," said Tom Waechter, JDSU's President and CEO.
InterDigital reported revenues of $434 million in third quarter, compared to $76.5 million in third quarter 2011. The surge in revenue was the result of a $375.0 million patent sale to Intel Corp. "The record performance in third quarter 2012 illustrates the strength of our strategy to expand our revenue streams beyond core licensing into other areas, in line with the changes we are seeing in the dynamics of the patent market," commented William J. Merritt, President and CEO of InterDigital.
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