Record-Breaking Holiday Season for the App Store

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Canaccord Genuity Believes Soft Orders From Apple (AAPL) Could Hurt Skyworks Solutions (SWKS) - Cut PT to $110

January 8, 2016 8:35 AM EST

Canaccord Genuity reiterated a Buy rating on Skyworks Solutions (NASDAQ: SWKS), and cut the price target to $110.00 (from $120.00), as Apple (NASDAQ: AAPL) anticipates softer 1H/C2016 iPhone and overall smartphone sales. Canaccord believes that the reduced orders from Apple near the end of the December quarter, combined with ongoing weak global smartphone sales trends, could create a greater... More