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Stock impact report

Skyworks Solutions: Don't Miss This Cheap 5G Stock [The Motley Fool]

Skyworks Solutions, Inc. (SWKS) 
Last skyworks solutions, inc. earnings: 1/23 04:01 pm Check Earnings Report
Company Research Source: The Motley Fool
Skyworks Solutions: Don't Miss This Cheap 5G Stock The chipmaker is struggling because of weak smartphone demand, but that could soon change. Skyworks Solutions ' ( NASDAQ:SWKS ) fiscal 2019 second-quarter results were not pretty; the chipmaker was held back by a weak smartphone market. Revenue and earnings fell by double-digit percentages , as Skyworks gets around two-thirds of its revenue from the smartphone space. Apple is Skyworks' largest customer, supplying nearly half of the chipmaker's revenue. Not surprisingly, Skyworks is going through a rough patch right now thanks to a decline in iPhone sales and a fall in global smartphone demand. The company's results should serve as a reminder to Skyworks investors that the stock's momentum can continue only if its smartphone business turns around. But is that a possibility? The smartphone market hasn't got off to a great start in 2019. Market research provider IDC has found that smartphone shipments in the first quarter of the year f Show less Read more
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