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In Ominous Sign for Apple, Skyworks Warns About Soft Mobile Phone Demand

In Ominous Sign for Apple, Skyworks Warns About Soft Mobile Phone Demand

In a sign of trouble for Apple iPhone business, the chip maker Skyworks Solutions provided a warning to investors about softening demand for smartphones. Skyworks makes analog and mixed-signal chips used by Apple and other handset makers. Skyworks in its September 2023 fiscal year generated 66% of revenue from a single customer—Apple.