Will the IoT Propel Skyworks Solutions Stock Higher?
Skyworks Solutions (NASDAQ:SWKS) is having a good year. The chipmaker’s business has rebounded with new smartphone releases stateside and a booming smartphone market in China. The company has also been working to diversify its revenue sources, and the “Internet of Things” still presents a big opportunity that could help the uptrend continue.
The Internet of Things (IoT) is the movement to connect objects to the internet. That might conjure up images of the proliferation of the smartphone, which has helped connect people to one another and to data through what has become a compact mobile computer.
The IoT goes so much further than that, though. As access to high-speed internet has expanded, the ability to connect other consumer goods like cars, home appliances, and wearables has become a reality. On the business side, sensors are getting placed on vehicle fleets, equipment, and buildings to monitor and log information critical to operations. Read more…
