Apple supplier Skyworks forecasts upbeat quarterly results on strong mobile chip demand

The iPhone 17 Pro in an Apple TechWoven Case
Apple supplier Skyworks Solutions forecasted first-quarter revenue and profit exceeding Wall Street estimates on Tuesday, highlighting strong demand for its radio-frequency chips in Apple’s cutting-edge iPhones.
The company has gained from the swift uptake of 5G smartphones and the rollout of AI-powered devices, as a leading supplier of 5G radio-frequency chips. It also reaps significant benefits from Apple’s yearly iPhone releases.
Reuters:
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Last month, Apple forecast holiday-quarter iPhone sales and overall revenue that surpassed Wall Street expectations, powered by orders for iPhone 17 models that the company is racing to fulfill amid continuing supply constraints.
“In mobile, underlying demand trends remain solid, supported by healthy sell-through and new product launches. Looking ahead, we expect rising AI-driven data traffic to drive greater radio-frequency complexity,” said CEO Phil Brace.
Last month, Skyworks announced a cash-and-stock offer to buy smaller rival Qorvo, creating a $22 billion radio-chip giant. The deal values Qorvo at $9.76 billion. The two companies are major suppliers to Apple and other smartphone firms, where their chips help to handle the radio signals that carry wireless data.

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MacDailyNews Note: Skyworks forecast Q1 revenue of $975 million – $1.03 billion (vs. analysts’ consensus estimate of $858.3 million) and EPS of $1.40 per share (vs. analysts’ consensus estimate of $0.94 per share).

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