2005 started with a bang and ended with a whimper, but, overall, the year was still terrific. Production in Q4 05 was down about 13 percent to 4.4 mfkm from 5.0 mfkm in Q3, the highest level since 2002. Total production in 2005 was 18.7 mfkm, a 28 percent y-o-y improvement. North American consumption showed a similar pattern to shipments, with a y-o-y improvement of 31 percent. Demand in all three geographical sectors showed improvement, but with the US exhibiting a 32 percent y-o-y improvement due to deployment of FTTx.
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