Is It Time to Sell This Top iPhone Chip Supplier?
What initially started as a strong rally to start 2023 has quickly turned back into pessimism for Skyworks Solutions (NASDAQ: SWKS). It's not completely surprising. Smartphone sales, especially of Android devices, are in the middle of a nasty downturn -- and that's dragging down Skyworks' expected rebound for its wireless network connectivity chips.
This may come as a surprise, especially considering the great quarter of device sales slow-but-steady just reported. Skyworks said about 64% of its revenue was attributable to the iPhone, iPad, and Apple's other consumer electronics.
Is it time to sell Skyworks Solutions stock?
Source Fool.com
Apple Inc. Aktie
Die Apple Inc. Aktie ist leicht im Trend: Mehr Buy- als Sell-Einschätzungen.
Ein leicht positives Potenzial wird für Apple Inc. mit einem Kursziel von 200 € im Vergleich zu 179.14 € gesehen.