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Qorvo, Inc. Message Board

  • monrio1 monrio1 Sep 6, 2013 3:32 PM Flag

    Rfmd Shaping Up As The Top Beneficiary of Apple Next Week

    Appears the market already baked in Apple to Swks, Tqnt, and Avgo share prices.

    Only Rfmd and Qcom are taking off.

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    • Maybe. Who knows? One thing, though, and I think it's been mentioned before on this thread. AAPL may be on the cusp of a deal with China Mobile. That's a potential 700 million subscriber base from China Mobile....and for a frame of reference Verizon's base is "only" 100M. Everything is "supersized" in China it seems, no surprise since the entire population of the United States would only be a fair sized province over there.

      In any case supposedly the AAPL/China Mobile gambit will supposedly be announced next week, possibly on Tuesday. What IS known (from the news) is Apple has asked Foxconn, its contract manufacturing partner, to add China Mobile to the list of carriers slated to receive a new low-cost iPhone, though it isn't clear if the two sides have signed an official agreement or when the phones would be delivered.

      Next week should prove interesting for all involved? ;-)

      • 1 Reply to highlowsel
      • Analysts in the news are putting i5C volumes between 50m and 60m over the next 12 months. Guess they're shy after S4 hype did not materialize over time. That 15m a quarter seems a little low.

        I'm with you: China is going to be interesting to watch and Apple's timing could not be better as CHL really accelerates now and into 2014.

        My comments about beneficiary were aimed at the relative valuation of Rfmd versus the other three suppliers, Rfmd had dropped 15%+ since April down from $5.70 to $4.70 and only now is staging a comeback. The comeback has to be from the excitement about i5C, China Mobile, and Rfmd playing a significant role in the new Apple cheaper phone. The others: Avgo, Swks, and Tqnt have had share price gains over the last month or so. Rfmd is still lagging even from April share price levels; thus, Rfmd could benefit relatively more in share price movement by a big splash next week.