The iPhone 12 is a Must-Have for Christmas -- Does That Make Skyworks Solutions Stock a Buy?

Expectations are high for Apple's (NASDAQ: AAPL) iPhone 12. Wedbush analyst Daniel Ives claims the iPhone 12 will mark Apple's "most significant product cycle" since the iPhone 6 in 2014, while Cinda Securities expects the new lineup to hit 230 million to 240 million shipments in 2021, which would surpass the iPhone 6's 222.4 million shipments.

Support for 5G networks, which was missing from last year's iPhones, is expected to drive more upgrades as carriers promote their 5G plans. And a wider range of models at lower price points should amplify that growth.

Those rosy expectations lifted Apple's stock roughly 80% over the past 12 months and buoyed its top suppliers. One of those suppliers is Skyworks Solutions (NASDAQ: SWKS), a wireless chipmaker that generated 56% of its revenue from Apple in fiscal 2020 (which ended in October) -- up from 51% in 2019 and 47% in 2018. Does that high exposure to Apple make Skyworks a good play on the iPhone 12? 

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Source Fool.com