According to a recent reported from IDC, global smartphone growth are expected to decline sharply over the past few years. Annual growth in the global smartphone market is expected to fall to 19.3 percent this year and continue to fall to 6.2 percent in 2018. Smartphone shipments posted a 39.2 percent increase in 2013. In 2013, the average selling price for a smartphone was $335.00, that number is expected to fall to $260.00 by 2018, IDC said.
ARM Holdings plc (NASDAQ: ARMH) shares traded in the range of $50.18 to $50.76 Tuesday before settling to close at $50.73, an increase of 2.98 percent. The stock appears to be facing some resistance at the $51.78 and $55.16 levels with some support at $50.05 and $48.20. Shares of ARM Holdings have fallen approximately 7.0 percent year-to-date.
More information on ARM Holdings and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ARMH
Broadcom Corporation (NASDAQ: BRCM) shares traded in the range of $30.00 to $30.32 Tuesday before settling to close at $30.12, an increase of 1.21 percent. The stock appears to be facing some resistance at $31.35 with some support at the $30.06 and $29.62 levels. Shares of Broadcom have gained approximately 2.0 percent year-to-date.
More information on Broadcom and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BRCM
Micron Technology, Inc. (NASDAQ: MU) shares traded in the range of $24.72 to $25.15 Tuesday before settling to close at $25.11, an increase of 2.57 percent. The stock appears to be facing some resistance at the $25.57 and $26.74 levels with some support at $24.39 and $23.43. Shares of Micron Technology have gained approximately 15.0 percent year-to-date.
More information on Micron Technology and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MU
SanDisk Corporation (NASDAQ: SNDK) shares traded in the range of $75.72 to $76.65 Tuesday before settling to close at $76.26, an increase of 1.52 percent. The stock appears to be facing some resistance at $78.22 with some support at the $75.66 and $73.54 levels. Shares of SanDisk have gained approximately 8.0 percent year-to-date.
More information on SanDisk and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SNDK
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