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). 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 Apple just reported.