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Skyworks (SWKS) Stock Lower on Apple iPhone Shipments Decline

NEW YORK (TheStreet) -- Skyworks Solutions (SWKS - Get Report) stock is slumping by 0.51% to $71.33 in early-afternoon trading on Wednesday, after Apple (AAPL) reported its first-ever quarterly decline in iPhone shipments.

Skyworks is a prominent supplier to Apple (AAPL) in mobile devices.

After yesterday's market close, Apple announced that iPhone shipments fell by 16% year-over-year to 51.2 million in the most recent period, down from 61.2 million in the year-ago period.

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