Advertisement
New Zealand markets open in 6 hours 24 minutes
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5942
    +0.0005 (+0.09%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • OIL

    82.26
    -0.55 (-0.66%)
     
  • GOLD

    2,342.70
    +4.30 (+0.18%)
     

Is It Time to Sell This Top iPhone Chip Supplier?

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.