Skyworks Solutions expects shrinking Apple business, shares fall
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Skyworks Solutions Inc shares fell after announcing a significant expected decline in its business with Apple due to rising competition. The company anticipates a 20% to 25% drop in its share of supplying parts for Apple's products.
February 06, 2025 | 4:15 pm
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Skyworks Solutions shares fell sharply after announcing a projected 20% to 25% decline in its business with Apple due to increased competition.
Skyworks Solutions' announcement of a significant decline in its business with Apple, a major client, is likely to negatively impact its stock price. The expected 20% to 25% drop in sales to Apple indicates a substantial loss of revenue, leading to investor concerns.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Apple's supplier, Skyworks Solutions, expects a 20% to 25% decline in its business with Apple due to rising competition.
While the news primarily affects Skyworks Solutions, it indirectly highlights increased competition in Apple's supply chain. However, the direct impact on Apple's stock is less certain, as it may find alternative suppliers.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50