5G Telecommunications Technology Helps Drive Record Fiscal Performance For iQSTEL Inc. (OTC: IQST) And Others
5G technology is at the crossroads of a global market share race that includes inter-country bans, mergers and record fiscal performance in an industry investing in the future. 5G technology helps drive record fiscal performance at iQSTEL Inc. (OTC: IQST) wholly-owned subsidiary Etelix.
Stock Market Press is reporting on the 5G telecommunications market, fiscal performance and the 5G race for market share. It reports on companies such as iQSTEL Inc. (OTC: IQST),Verizon (NASDAQ: VZ), T-Mobile US (NASDAQ: TMUS), Sprint (NYSE: S), Ericsson (NASDAQ: ERIC) in 5G networks. Also covered are trends by semiconductor manufacturers Qualcomm (NASDAQ: QCOM), Qorvo (NASDAQ: QRVO) and Skyworks Solutions (NASDAQ: SWKS), among others.
5G technology helps drive record fiscal performance at iQSTEL Inc. (OTC: IQST) subsidiary
Etelix.com USA, LLC, the wholly own subsidiary of parent iQSTEL Inc. reported sales of $16,327,870 for FY2019, an 18.5% jump from the prior year. The company attributed the increase to operational execution excellence and favorable pricing to clients. 5G technology helps drive record fiscal performance at iQSTEL Inc. (OTC: IQST) subsidiary. The parent company is also finalizing its numbers for its recently acquired European subsidiary, Swisslink. Once those numbers are consolidated into iQSTEL’s performance, management anticipates increased total figures.
Robust Growth Rate Seen Through 2020
Mr. Iglesias, CEO of iQSTEL, Inc., said, “Based on our excellent continued level of of execution, we expect revenue and operating profit for our consolidated VoIP business to continue on a very robust growth rate through 2020 and coming years.”
iQSTEL Inc. is a telecommunications technology company which offers a wide array of services including: Internet of Things (IoT) data solutions, Blockchain solutions for the industry, Mobile Virtual Network Operator (MVNO) services and others.
Source: Stock Market Press
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One analyst on the site said that 5G technology is likely to be a multiple year, secular driver broadly across the semiconductor universe. More suppliers of fiber optic cables and equipment to build small cells are already required, investors.com analysis said. Cloud computing infrastructure will also need new links as it is impacted. 5G will bring us not only smart homes, but smart cities and autonomous driving and industrial applications for ioT.
In the telecommunications world, 5G is already here. Faster and more rapid communications is a significant part of the initial sell. But longer term, 5G technology investment will warrant reviews by investors because the impact of 5G will be more far-reaching than some may think.
To the consumer, 5G will impact every aspect of life from TV and internet to transportation and smartphones. 5G will over the next several years bring more computing speed and ability to communicate, but will also negatively impact other proven but soon to be obsolete devices and technologies.
As investors make 5G technology investment decisions to participate in future profit opportunities, some accepted older technologies will be hit. Like a lonely landline telephone connection in a 4G world, older devices and strategies will be left behind. Internet access, cable connections and TV will not be the same. Aged 4G phones will be hit as will.
Bank of America (NYSE: BAC) recently estimated that the market for 5G semiconductors would reach $19 billion by 2022 compared to only $593 million last year, the report said. The ripple impact of 5G will be felt in fiber optic installation, cellphone towers, robotics, remote health care, overnight delivery services and virtual reality applications. To stock buyers, 5G technology investment opportunities will be overwhelming.
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5G cloud gateways are being developed and will present 5G technology investment opportunities. Mini date centers are envisioned for links to cloud computing infrastructure, one analysis finds. Edge computing is a new strategy for operating on the fringes of networks, the article in investors.com analysis reported.