3 Apple Suppliers Investors Shouldn’t Worry About
Apple's supply chain has been rankled by reports of disappointing demand for the new generation iPhones. Rosenblatt Securities, for instance, estimates that the iPhone 8's pre-orders have fallen behind the previous two generations thanks to weakness in Cupertino's top two markets of the U.S. and China.
Not surprisingly, shares of Apple suppliers that were supposed to enjoy windfall gains with the launch of the new devices are now retreating. The following chart makes it evident that the rumors surrounding the poor sales of the iPhone are having a depressive effect on Skyworks Solutions (NASDAQ: SWKS), Broadcom (NASDAQ: AVGO), and Cypress Semiconductor (NASDAQ: CY).
Source: Fool.com
Broadcom Ltd. Stock
€144.80
1.640%
With 67 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1382 € there is potential for a 854.42% increase which would mean more than doubling the current price of 144.8 € for Broadcom Ltd..
