“Chip and component maker Skyworks has delivered profit of $12.2 million in the first three months of 2007, a giant step up from the $0.9 million recorded for the same period of 2006,” Compound Semiconductor reports.
“Overall sales for the two periods were similar, down from $185 million in 2006 to $180 million in 2007, with the lower revenues and higher profitability both resulting from Skyworks departure from the non-GaAs baseband market,” Compound Semiconductor reports.
“Skyworks’ president and CEO David Aldrich said, ‘Skyworks’ second fiscal quarter results demonstrate the strength of our new business model and reflect our efforts since exiting the baseband product area two quarters ago,'” Compound Semiconductor reports.
“The company’s highlights for the quarter featured the inclusion of the company’s Helios devices in a number of popular phones, such as LG’s Chocolate, and receipt of production orders for an unnamed forthcoming multimedia and music platform – possibly Apple’s eagerly-anticipated iPhone,” Compound Semiconductor reports.
Full article here.
MacDailyNews Note: Skyworks Solutions, Inc. (SWKS) is currently trading up $0.05, or 0.7%, at $7.20 per share.
Analysts: Skyworks may get big chunk of Apple’s ‘iPod phone’ business – January 03, 2007
Report: Skyworks selected to supply ‘Front-End Module to Apple’s new iPhone’ – December 15, 2006