Apple Supplier Skyworks Is the Latest Tech Company to Issue Coronavirus Warning
With supply chains heavily concentrated in China, many tech companies have been taking the economic brunt of the ongoing coronavirus outbreak. Apple (NASDAQ: AAPL) was among the first batch of companies to warn investors that it would miss its revenue guidance for Q1 because of the epidemic, with Microsoft following suit shortly thereafter. Prominent Apple supplier Skyworks Solutions (NASDAQ: SWKS) is now joining those companies in updating its own outlook.
Here's what investors need to know.
Apple represented over half of Skyworks' revenue last fiscal year. Image source: Apple.
Source Fool.com
