QUALCOMM, Inc. (QCOM), Apple Inc. (AAPL), RF Micro Devices, Inc. (RFMD): ‘The’ Stock to Profit From the Mobile Revolution

Also, the deployment of 4G networks should open up more opportunities for the company and increase its addressable market as they contain significant RF content. Additionally, RF Micro is not just concentrating on top of the line smartphone makers, as the company has devised solutions for budget handsets for the emerging markets. The migration of customers from 2G devices to entry-level smartphones with greater connectivity options is again a good opportunity for the company to grow sales.

Just to spoil the party a bit, there were concerns that RF Micro’s business was threatened by QUALCOMM, Inc. (NASDAQ:QCOM)’s RF360 front end solution, which would enable handset makers to address the problem of band fragmentation. Qualcomm said that its solution would support multiple bands including LTE-FDD, LTE-TDD, WCDMA, EV-DO, CDMA 1x, TD-SCDMA and GSM/EDGE. This news sent RF Micro’s shares crashing, but the stock has recovered remarkably since then after analysts at Lazard Capital Markets suggested that QUALCOMM, Inc. (NASDAQ:QCOM) isn’t such a threat.

Solid customer diversification places RF Micro Devices at the heart of the hottest devices that the market has to offer, while emerging markets provide another avenue of growth to the company. It is witnessing tremendous revenue growth and there is every reason why this can continue going forward. As such, investors should capitalize on the dip in the stock price as RF Micro Devices is a solid play on the smartphone, tablet, and data revolution.

The article This Is ‘The’ Stock to Profit From the Mobile Revolution originally appeared on Fool.com.

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