Skyworks Solutions (SWKS ) Compared To Qorvo

Skyworks Solutions (SWKS) appears better positioned for a rise than Qorvo.

Consensus estimates suggest that Skyworks Solutions’ revenue will grow 8.6% this fiscal year and 10.1% in the next one.  Qorvo’s revenue growth, on the other hand, is expected to decline sharply to just 7.6% in the next fiscal year from 15.7% in the ongoing one.

Apple (AAPL) suppliers Skyworks Solutions (SWKS) and Qorvo (QRVO) have been on fire this year. Shares of both companies are up around 30% in 2017.  This is due to the iPhone 7 production cycle and the growing popularity of Huawei’s smartphones.

The two semiconductor specialists are known for making connectivity chips used in smartphones and Internet of Things applications.  However, one of them is ceding ground to the other due to stiff competition.  Consensus estimates suggest that Skyworks’ revenue will grow 8.6% this fiscal year and 10.1% in the next one. Qorvo’s revenue growth, on the other hand, will decline sharply to just 7.6% in the next fiscal year from 15.7% in the ongoing one.

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