Apple supplier Skyworks stock plummets as iPhone maker turns to competitor

Apple (:Aapl) SKYWORKS solutions (:Larva) To its stock drop on Thursday, as the semiconductor company said it loses business with one of its competitors with the iPhone Maker, who believes that analysts believe.Avona)

SkyWorks use chips on apple devices that are important for wireless communication. According to the company, Apple is 72% of its estimated income for the quarter of December. And 85% of Apple’s income was from the sale of SkyWorks components for Apple’s iPhone.

Meanwhile, SkyWorks has a quarterly result on Wednesday, when the bells of beam analysts at the top of the call, CFO KRIS SENNESAEL is in post-election earnings that Apple is now one of the dual springs. Apple’s transfer to a double spring radio frequency components for iPhone 17 will reduce the requirement of skywork products by 20% and 25%, said Sennynes. Stifel, Raymond James and TD Cowen analysts believe that Apple’s second provider is the width.

“Despite the offer of our rich product, we have not yielded to the result that we are aimed at,” said Senomena. “While we are disappointed with this result, we remain stable in our commitment to invest and innovate on the road maps of our technology.”

SkyWorks had already lost a piece of his business with Apple (QcomLast year, Shipel Analyst Ruben Roy said, downgrading the stored rating.

TD Cowen analyst at the investors told investors on Thursday that Apple’s last step can have a $ 600 million area on the income of 2025. It’s not small potatoes for SkyWorks, which in 2024 had a revenue of $ 4.2 billion all year round. The scores maintained its reservation rating.

At the same time, Roy said that the company participating in Apple’s backs’ back is not a “possible event” until Apple does not fully move its iPhones modems, not using a quality opportunity.

He agreed to investors in his note in his note.

“Apple is moving to a home modem, and there must be skiwork for skiing yet, as their content on the internal modem is good,” he said. Malik keeps his sales rating in stock.

On Wednesday, SkyWorks announced a shiver of the main principals that caused more uncertainty. The company reports that the executive Philip Brain, the former Intel CEO, will replace Liam Griffin.

The forced Roy wrote about the change. The change in the dynamics of the period causes more questions. “

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