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SOURCE BrokerBank Securities, Inc.
NEW YORK, June 2, 2014 /PRNewswire/ -- RF Micro Devices, Inc. (NASDAQ: RFMD) designs and manufactures high-performance radio frequency (RF) solutions for original equipment manufacturers (OEMs) and original design manufacturers (ODM) in wireless and wired communications applications in the United States and internationally. The company's products enable worldwide mobility, provide enhanced connectivity, and support advanced functionality in the mobile device, wireless infrastructure, wireless local area network (WLAN or WiFi), cable television (CATV)/broadband, Smart Energy/advanced metering infrastructure (AMI), and aerospace and defense markets.
Increasing global demand for internet access, email, social media, video sharing, and other mobile applications is driving demand for smartphones, tablets, and other mobile data devices. The cellular market is quickly transitioning to smartphones and tablets based on the High Speed Packet Access (HSPA) and Long Term Evolution (LTE) interface standards. According to industry analyst firm Strategy Analytics, this increase in multi-band LTE devices is expected to drive growth in shipments of antenna tuning components – ultimately reaching 1.8 billion units per year by 2018.
RF Micro Devices anticipates growth in 4G RF components will outpace smartphone unit growth, with the increasing adoption of envelope tracking, carrier aggregation, and antenna tuning. Since these devices contain more RF content than basic or feature phones, companies that operate within this RF market should experience faster growth than the overall handset market. Additionally, RF content is also growing rapidly in notebook computers and machine-to-machine data devices. As the availability and acceptance of 3G and 4G continue to grow (compared to the more antiquated 2G), companies such as RF Micro Devices that operate in this high-performance RF solutions market should continue to increase their competitive advantages and ultimately, their profitability.
A full in-depth analyst report on RFMD that includes risk factors, industry review, financial position, potential revenues, review of current business model, competition breakdown, analyst summary, and recommendation can be viewed by using the following link at no cost:
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