The market for computer memory products is booming, something that has helped to fuel memory maker Micron's (NASDAQ: MU) surge in both revenue and profitability. For context, Micron made $20.3 billion in revenue during fiscal 2017, up 64% from the levels it saw during fiscal 2016. Its gross profit margin more than doubled from 20.
2% to 41.5% and its operating income jumped to $5.87 billion from just $168 million (no, that's not a typo).Micron's Huge Smartphone Opportunity
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