Skyworks (SWKS) Crashes 25% as Apple Cuts Supplier Dependence for iPhone 17
Skyworks Solutions (NASDAQ:SWKS) tumbled 25.17% to $65.16 as of 9:31 a.m. ET after revealing that Apple (AAPL) plans to reduce its reliance on the company for the iPhone 17. During its Q1 fiscal 2025 earnings call, CFO Kris Sennesael said that while Skyworks secured some RF module contracts, its overall content share in the iPhone…