Apple Supplier Skyworks Solutions Grows Sales 30% on Surging 5G Demand
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Wireless connectivity chip specialist Skyworks Solutions (NASDAQ: SWKS) just put the wraps on its 2020 fiscal year, and it ended with a bang. Revenue increased by double-digit percentages, not just sequentially from the previous quarter during a typically busy late summer and early autumn period, but also year over year as the company starts to lap effects from the U.S.-China trade war. With lots of new 5G-enabled smartphones coming to market, I expect the company's expansion to have some legs.
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Source Fool.com
