Intel Corp (INTC): Another article confirming the same them...

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Tuesday, 02/16/2016 5:17:28 PM

Tuesday, February 16, 2016 5:17:28 PM

Another article confirming the same theme-slowing down of smartphone market.
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ARM: Macquarie Cuts to Hold; Growth Drivers Set to Cool
By Tiernan Ray

Shares of ARM Holdings (ARMH) are up 17 cents, or 0.4%, at $38.62, riding the rise of chip stocks generally today despite a negative piece from Deepon Nag with Macquarie Research.

Nag thinks the company is up against slowing growth in the coming 12 months, as the big lift its gotten from the mobile chip wave cools, and as it invests in newer initiatives that will take time to bear fruit, things such as chips for server computers.

On the first score, the slowing of mobile, Nag draws upon work he and colleagues did back in the fall, which suggested that the replacement market for smartphones is becoming a bigger deal, and that new purchases of smartphones will slow as a consequence.

Hence, Nag contests the rosy picture of mobile growth outlined by ARM during its earnings conference call last week:

Read further…

http://blogs.barrons.com/techtraderdaily/2016/02/16/arm-macquarie-cuts-to-hold-growth-tapering-off/