Skyworks stock plummets as Apple turns to competitor

Skyworks Solutions, a supplier of wireless communications chips for Apple, experienced a nearly 25% decline in its stock price on Thursday after revealing it is losing iPhone-related business to a competitor, believed by analysts to be Broadcom.
Laura Bratton for Yahoo Finance:‎Skyworks makes chips used in Apple devices that are crucial for wireless communication. According to the company, Apple accounted for 72% of its roughly $1 billion in revenue for the December quarter. And 85% of that