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iPhone demand is falling, claims component supplier Skyworks

Apple supplier Skyworks has been regarded as a proxy for Apple’s iPhone demand, and the company may have some bad news for investors.

Apple's iPhone 15 Pro
Apple’s iPhone 15 Pro

Skyworks does not break down its earnings by customer, but it has been a longtime partner for Apple, making wireless networking components for the company. It’s not believed to be the sole supplier for any of its components, however, so a drop in its sales is not definite proof of declining iPhone interest.

Nonetheless, Skyworks CEO Liam K. Griffin has told investors that the decline in smartphone component demand is marked. Consequently, the company is planning to diversify more.

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