|Bid||148.01 x 800|
|Ask||149.76 x 1300|
|Day's Range||148.83 - 150.55|
|52 Week Range||67.90 - 158.61|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||32.91|
|Earnings Date||Nov 02, 2020|
|Forward Dividend & Yield||2.00 (1.34%)|
|Ex-Dividend Date||Aug 10, 2020|
|1y Target Est||147.04|
Apple's (NASDAQ: AAPL) latest generation of iPhone has been announced and will go on sale in early November, and the new devices could not have come out at a better time as the world transitions to fifth-generation (5G) wireless networks. The company reportedly has millions of iPhone users that are currently in an upgrade window, and the aggressive pricing of the iPhone 12 line-up could trigger a "supercycle." As such, Apple looks all set to reap the benefits of the shift to 5G smartphones, as hundreds of millions of such devices are expected to be sold over the next few years.
In the latest trading session, Skyworks Solutions (SWKS) closed at $152.54, marking a +0.93% move from the previous day.
Apple (NASDAQ: AAPL) recently unveiled the iPhone 12, and bullish analysts expect plenty of consumers to buy the new 5G devices. Wedbush analyst Daniel Ives declared the iPhone 12 would mark "the most significant product cycle for Cook & Co. since iPhone 6 in 2014" -- Apple's best-selling iPhone ever. Buying shares of Apple, which generated over half its revenue from iPhones in the first nine months of 2020, is the easiest way to profit from that upgrade cycle.