Previous Close | 0.6600 |
Open | 0.7100 |
Bid | 0.0500 |
Ask | 0.8500 |
Strike | 118.00 |
Expire Date | 2024-05-10 |
Day's Range | 0.7100 - 0.7100 |
Contract Range | N/A |
Volume | |
Open Interest | 22 |
In a sign of trouble for Apple iPhone business, the chip maker Skyworks Solutions provided a warning to investors about softening demand for smartphones. Skyworks makes analog and mixed-signal chips used by Apple and other handset makers. Skyworks in its September 2023 fiscal year generated 66% of revenue from a single customer—Apple.
Performance Analysis and Future Outlook Amid Market Challenges
Skyworks (SWKS) delivered earnings and revenue surprises of 1.97% and 0.01%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?