Apple supplier Skyworks cuts Q1 guidance

• Skyworks (NASDAQ:SWKS) cuts its Q1 forecast citing unit weakness across its largest smartphone clients. The revenue outlook now stands at $970M (prior: $1B to $1.02B) with EPS of $1.81 to $1.84 (prior: $1.91 at midpoint).
• Apple recently cut its already soft guidance for the holiday quarter on soft iPhone sales and Samsung blamed its Q4 weakness, in part, on smartphone competition.
• Skyworks will report earnings on February 5.
• Skyworks shares are up 2% aftermarket.