"During Q2, worldwide shipments of 802.11-based kit were up six per cent on the first quarter's figure and a massive 69 per cent up on the same period last year.
However, Wi-Fi revenues totalled $149 million during the quarter up just two per cent from Q1's total of $146 million, and ten per cent above Q2 2002's $134.1 million."
In other words, more units are shipping, but the competitive price pressures are shrinking the profit margin. Good news for buyers. And an indicator that the major manufacturers of wi-fi products, such as Cisco and Netgear, will probably continue to have an edge over niche competitors. When profit margins go down, the ability to ship more units becomes critical.