Handset product supplier Skyworks falls
Shares of Woburn’s Skyworks Solutions Inc., a supplier to smartphone maker HTC Corp., fell as the Taiwan-based company lowered its fourth-quarter revenue forecast, citing weakening global demand and intensifying competition. Other suppliers, including RF Micro Devices Inc. and Qualcomm Inc., also fell. Earlier this month, Skyworks reported fiscal fourth-quarter revenue of $402.3 million versus guidance of $400 million, up 28 percent year-over-year. For the year 2011, revenue was $1.419 billion versus $1.072 billion in 2010, a 32 percent increase.