Worldwide cable modem unit shipments grew 10 per cent in the third quarter, with revenue up seven per cent to $252m as broadband subscriptions continue to climb.
Cable modem revenues are likely to hit $958m this year, according to a report from Infonetics Research.
Richard Webb, lead author of the report, explained that the 10 per cent jump reflects growing cable broadband subscriptions, and puts the cable modem market on track to grow 26 per cent in 2003 to 12.6 million units.
"Voice and wireless functionality are the big hopes that could continue to drive cable [modem] unit sales to new subscribers, as well as to existing customers replacing older basic modems," he said in statement.
The report found that Motorola continues to dominate the cable modem market, with 42 per cent revenue market share and 39 per cent unit market share.
The firm had a record breaking quarter, shipping 1.2 million cable modems worldwide.
Toshiba, Thomson, Scientific Atlanta and Terayon followed, each with between nine and 10 per cent of total revenues.
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