Is It Time to Sell This Top Supplier of iPhone Chips? #iphone #samsung #shorts

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Published on May 14, 2023 10:00:03 PM ● Video Link: https://www.youtube.com/watch?v=7k7Z_3muUMM

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Is It Time to Sell This Top Supplier of iPhone Chips?
For Skyworks Solutions (SWKS 0.24%), what first appeared to be a solid bounce to begin 2023 has swiftly changed back to pessimism. It's not entirely unexpected. A severe slump in smartphone sales, particularly for Android handsets, is obstructing Skyworks' projected recovery for its wireless network connectivity components.

This could surprise you, especially in light of the impressive quarter of gadget sales that Apple recently reported. According to Skyworks, the iPhone, iPad, and other consumer gadgets made by Apple accounted for around 64% of the company's revenue.#iphone #apple #shorts