Here's How Much Skyworks Depends on Apple
Wireless chipmaker Skyworks (NASDAQ: SWKS) generates most of its revenue from sales to the smartphone market. Of the $972 million in revenue that Skyworks reported in its most recent quarter, 73% came from chip sales to the mobile market, while the remaining 27% derived from sales to nonmobile or, as management refers to it, "broad market" applications.
While it seems intuitively clear that a wireless chip company would generate most of its revenue from the smartphone market, what might be less obvious to those new to the industry is that Skyworks' wireless business is hugely dependent on a single customer: Apple (NASDAQ: AAPL).
Image source: Skyworks.
Source Fool.com
