Analyst downgrades Skyworks on weak iPhone sales estimates

Analyst downgrades Skyworks on weak iPhone sales estimates

Technology News

Analyst downgrades Skyworks on weak iPhone sales estimates

Analyst downgrades Skyworks on weak iPhone sales estimates

Analyst downgrades Skyworks Mizuho Securities downsize Skyworks Solutions from Buy to Neutral and brings down the value focus from $125 to $100, a 13% upside to yesterday's close.

Firm figures Skyworks will confront valuing weight in 2H as Apple advances toward bring down end LCD telephones with a higher form of materials than RF supplies.

Examiner Vijay Rakesh: "We trust the impacts of a developing handset cycle could begin to affect the RF providers. We accept with Apple making a stride back in its 2H18 handset blend to LCD, level valuing, and expanding new substance, occupant content providers may feel weight."

Rakesh gauges that Apple speaks to 35% to 40% of Skyworks' deals. The investigator anticipates that iPhone generation will fall 2% Y/Y in 2H with new models like the iPhone 9 and the iPhone X refresh down 15% on the year.

Skyworks shares are down 0.2% premarket to $88.44.

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