Apple supplier Skyworks' revenue jumps 51 percent

Reuters News
Posted: Nov 06, 2014 4:26 PM

(Reuters) - Radio frequency chip supplier Skyworks Solutions Inc reported a 51 percent jump in quarterly revenue, helped by high demand for smartphones such as Apple Inc's iPhones.

Net income rose to $174.9 million, or 90 cents per share, for the fourth quarter ended Oct. 3 from $84.2 million, or 44 cents per share, a year earlier.

Skyworks, whose chips connect smartphones and tablets to a telecom network, said revenue rose to $718.2 million from $477 million.

(Reporting by Sai Sachin R and Soham Chatterjee in Bangalore; Editing by Joyjeet Das)