March 4, 2020 / 1:47 PM / 25 days ago

Apple supplier Skyworks sees no big production hit from coronavirus

March 4 (Reuters) - Skyworks Solutions Inc, a chip supplier to Apple Inc's iPhones, said on Wednesday the coronavirus has not significantly disrupted its manufacturing operations, sending its shares up 3%.

The chipmaker, however, cut its second-quarter revenue forecast, saying interruptions in global supply chains is hurting demand for its products.

The company cut its revenue outlook to between $760 million and $770 million, from $800 million to $820 million. Analysts were expecting revenue of $790.1 million, according to IBES data from Refinitiv. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Arun Koyyur)

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