Smartphones Will Be Big Catalysts for These 2 Chip Stocks
The smartphone market isn't going to run out of momentum anytime soon, thanks to plenty of room for growth in emerging markets such as China and India. IDC estimates that smartphone shipments totaled 1.47 billion units in 2016, and could grow further to hit 1.77 billion units by 2021. A simple way to take advantage of this potential growth is through chipmakers who supply the necessary components to make these devices work.
Skyworks Solutions (NASDAQ: SWKS) and Cirrus Logic (NASDAQ: CRUS) are two such semiconductor specialists that are well-placed to benefit from the secular growth in smartphones. Let's see how.
Image source: Getty Images.
Source: Fool.com
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