‘Long Way to Go’ With 5G in Fewer Than 50% of Smartphones: Qorvo

The industry expects between 700 million and 750 million 5G phones to be produced this year, Qorvo CEO Bob Bruggeworth told a Raymond James investment conference Monday. The company supplies RF modules and other components for 5G handsets from Samsung and other OEMs. 5G is under 50% share of the smartphone market, “so we’ve still got a long way to go” before reaching 5G’s potential, he said. Qorvo sees an increase of about $5 to $7 in content per device whenever an OEM brings out a 5G phone, he said.