From Nasdaq: 2024-05-08 20:40:18

The performance of Apple Component Supplier Stocks has been flat in 2024, with Qualcomm stock rising 30% while Skyworks fell 16% year-to-date. Qualcomm stock had varying returns of 20%, -40%, and 32% in 2021, 2022, and 2023, underperforming the S&P 500. However, Trefis High Quality Portfolio outperformed the S&P 500 consistently.

Apple’s Q2 FY’24 revenue decreased by 4% due to a 10% drop in iPhone sales, with a 4% increase in Mac sales. Gross margins improved to 46.6%, benefiting suppliers with higher average iPhone prices. Apple will launch new iPads in May, potentially boosting suppliers’ margins as semiconductor supply chain issues ease.

In May 2024, Qualcomm stock returned 10% MTD, 26% YTD, and 179% since 2017, outperforming the S&P 500 and Trefis Reinforced Value Portfolio. The varying performance of individual stocks compared to the S&P 500 highlights the challenge of consistent market-beating returns.



Read more at Nasdaq: How Are Qualcomm And Other Apple Suppliers Faring This Year?