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. Stock
€174.48
0.740%
Currently there is a rather positive sentiment for Apple Inc. with 80 Buy predictions and 6 Sell predictions.
With a target price of 199 € there is a slightly positive potential of 14.05% for Apple Inc. compared to the current price of 174.48 €.
