April 4th– Accounting and Financial Statements

April 4^th– Accounting and Financial Statements

·         Comment on revenue, profit, and loss of key industry players?

·         How has the recession (2008-2009) affected companies’ balance sheets?

            

April 4^th– Accounting and Financial Statements

·         Comment on revenue, profit, and loss of key industry players?

·         How has the recession (2008-2009) affected companies’ balance sheets?

              

In my perspective, alth0ugh the unstable state of the US economy, the worldwide telecommunications industry will be expected to continue expanding over the upcoming years as continued spending by consumers and businesses for wireless services, especially in emerging markets, drives industry revenue growth. According to the new industry market study conducted by http://send2pressnewswire.com ,“telecommunication services revenues on a worldwide basis are expected to grow at a compounded rate of nine percent over the next five years, bringing the sum spent globally on telecommunications to $25.6 trillion by 2016”. Besides, in my personal view, wireless makes the powerful showing while wire line follows a distant second. In some extent, last two years’ recession has affected telecommunication industry, but the huge demand of smartphone and its app market have overcome recession at the same time. Thus, although its balance sheet’s liabilities section will be increased at some extension, the industry will overcome the recession and open new market in upcoming years.



reference


Robert, 2011, wordwide  telecommunications industry revenue to top $25.6 trillion over five years, http://send2pressnewswire.com