Skyworks Solutions sinks as Apple plans to cut content demand for new iPhone

Apple CEO Tim Cook Delivers Keynote At Annual Worldwide Developers Conference

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Skyworks Solutions’ (NASDAQ:SWKS) shares sank more than 25% during early Thursday trading after the company reported that its largest customer, Apple (NASDAQ:AAPL), plans to reduce its dependence on Skyworks for its iPhone 17 model.

Skyworks Chief Financial Officer Kris Sennesael

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