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Skyworks Reports Another Record Quarter, Sees Near-Term Softness in Mobile

Skyworks reported record fiscal fourth quarter (Q4) and full year results — the ninth consecutive year of revenue and earnings growth. The positive results were dampened by declining iPhone shipments and mobile phone softness in China. Skyworks CEO tried to alleviate any near-term concerns by discussing technology development to position Skyworks to be a leader in 5G.

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Apple Reports Record Q4 on Flattish iPhone Volume

Apple reported record Q4 revenue and earnings, with revenue of $62.9 billion, 20 percent above the prior year’s quarter and 18 percent above the prior quarter. Apple sold almost 47 million iPhones in Q4, 14 percent above Q3’s volume, yet just 0.5 percent above the prior year’s fourth quarter. However, iPhone revenue grew 29 percent year-over-year to $37.1 billion, reflecting the increasing average selling price of the iPhone.

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