2024-02-09 11:37:45 ET
Summary
- Qorvo has turned a financial corner and is experiencing growth in its markets, particularly with Apple.
- The company has been able to leverage its areas of strength and sees double-digit volume increases in the future.
- Qorvo remains underrepresented at Apple and is excited about its growth potential with the company.
Qorvo ( QRVO ) turned the financial corner during the winter, with all markets now heading north. Investor's might expect rich returns in the next three or four years. After almost two years of suffering through packed inventory channels, the company emerges with both means growing, a return of former business and significant investor changing new design wins, particularly with Apple ( AAPL ). We find this opening statement, in-spite of the company reporting strong revenues, of most interest. Management noted :
" Looking at our business from a high level, Qorvo is capitalizing on secular trends, including connectivity, sustainability, and electrification. These trends are playing out over many years, and they are fueling the transition to new technologies and new standards. . .. "
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Growing Richer With Qorvo