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
192,16 €
1,27 %
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