After revising its first quarter count down, Infonetics reported a 4 percent rise in global pay-TV set-top box revenue to $4.8 billion during the second quarter of 2014.
In June, the research company reported that Q1 global STB revenue also came in at $4.8 billion. The revised Q1 figure, which is footnoted in Infonetics' latest report, puts Q1 at nearly 7 percent off fourth quarter revenue. The change, according to study author Jeff Heynen, was made after several vendors, including Pace and Cisco, restated their Q1 figures.
Heynen said none of the other metrics had been altered.
The Infonetics report, released Tuesday, tallies deployment of IP, cable, satellite and DTT set-tops, as well as OTT media servers.
The research company reports that set-top shipments grew 7 percent in Q2, but are off 4 percent for the year, further indicating significant softness in the first quarter.
Cable set-top revenue increased 3 percent globally in the second quarter, with shipments also spiking 4 percent.
Arris remained the global leader among vendors, picking up 2 percent more market share in Q2.
"The global set-top box market is in a fascinating period of mixed signals," Heynen said in a statement. "While quarterly unit shipments are up, on a year-over-year basis shipments are down. And though nearly all STB product categories saw volume increases in 2Q14, satellite shipments continue a downward trend, while cable set-tops are growing due to an ongoing refresh cycle in North America and Europe."
For more:
- read this Infonetics release
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Global set-top revenue continues to slide, down 3 percent to $4.8B