“I think SWKS has become to AAPL what AMBA was to GPRO in the market’s eyes. Yes, not a fair coparison, but that is the market sentiment at the moment…
Also the semiconductor segment in general has been terrible over the past year, so rising tide/receding tide and the effect on boats and all that stuff”
Yes GPRO made up about 30% of AMBA sales and yesterday DA Davidson estimated 40% of SWKS sales come from AAPL so your comparison seems apt.
China growth dropped to 14% versus 70-100+ % prior so a rapidly slowing rate of growth there also. Given the massive drumbeat of analysts slowing channel checks and it seems they knew what they were talking about.
Rob