Industry News

iPhone, IoT and GaN Lift Qorvo

Buoyed by Apple's iPhone launch and demand for IoT and GaN components, Qorvo's revenue grew modestly in the third quarter of fiscal 2018 to $846 million, up 3 percent sequentially and 2 percent year-over-year. The infrastructure and defense business achieved record revenue of $203 million. While the mobile products unit benefitted from the latest iPhone models, revenue was down 2 percent year-over-year.

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Apple Achieves Record Financial Performance

Reflecting the launch of the iPhone X, 8 and 8 Plus, Apple reported record financial performance for the company's December quarter. Revenue was $88.3 billion, 13 percent above the prior year's quarter and a 68 percent jump from the prior quarter. On a per week basis, iPhone shipments were 6 percent above last year's quarter.

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