In 2020, Asia Pacific accounted for the largest revenue share of the telecommunication market. Increased spending on next-generation wireless communication infrastructures due to the shift in customer preferences toward the 5G network and cloud-based technology is primarily driving the demand for telecom services. Telecom Stocks should be on every watchlist as on ours.
Major players covered in the industry are Cisco Systems, Inc (NYSE:CSCO), NIU International (NASDAQ:NIU) and Intel Corporation (NYSE:INTC).
On Dec. 02, 2021 iQSTEL(OTCQX:IQST) announced reaching $58 million in revenue year-to-date as of November 30, 2021. The revenue for the month of November was $6.5 million. Management now expects to exceed its $60.5 million revenue forecast for FY-2021 and is revising the forecast upward by approximately 4% to $63 million. Mr. Iglesias CEO iQSTEL commented, “We are pleased with the ongoing growth of the iQSTEL Telecom Business and with the pending acquisition of Smartbiz, our preliminary revenue forecast for our Telecom Business alone is $80 million. We anticipate higher margin revenue from our other business lines, IoT, Blockchain Platform, EV Motorcycles, and Fintech to begin ramping up in 2022 contributing to both the top and bottom line.
$IQST $CSCO $NIU $INTC
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