Core Viewpoint - Apple is experiencing significant executive turmoil, with key figures like Johny Srouji, the architect of Apple's self-developed chips, expressing intentions to leave the company, marking a critical moment for Apple's chip development strategy [1][3][10]. Group 1: Executive Departures - Johny Srouji, Apple's Senior Vice President of Hardware Technologies, has indicated he may leave Apple and join another company, making him the fourth executive to depart this month [3][10]. - Other notable departures include John Giannandrea, head of AI, and Alan Dye, Chief UI Designer, who has joined Meta [3][10][11]. - Alan Dye is recognized as a key figure in defining Apple's aesthetics post-Jony Ive and is now leading hardware, software, and AI interface integration at Meta [12]. Group 2: Internal Dynamics - Apple is reportedly trying to retain Srouji by offering increased compensation and even proposing a CTO position, which would place him as the second-in-command under CEO Tim Cook [8][9]. - The potential promotion of John Ternus, the current Senior Vice President of Hardware Engineering and a candidate for Cook's successor, complicates Srouji's situation, as he may not want to work under a different CEO [9][10]. Group 3: Leadership Restructuring - The recent executive changes are reshaping Apple's leadership structure, concentrating power among four key executives: John Ternus, Eddy Cue, Craig Federighi, and new COO Sabih Khan [18][17]. - The departures and restructuring come at a time when Tim Cook's health and future as CEO are under scrutiny, with discussions about who might succeed him intensifying [20][22].

Core Viewpoint - Skyworks reported a revenue of $965 million for FY25Q3, reflecting a year-over-year increase of 6% and a quarter-over-quarter increase of 1%, exceeding guidance [2][11] - The company maintained a strong free cash flow of $253 million, representing 26% of revenue, supported by inventory optimization and effective working capital management [2][11] Financial Performance - FY25Q3 revenue reached $965 million, with a Non-GAAP gross margin of 47.1%, up 1 percentage point year-over-year and 0.5 percentage points quarter-over-quarter, driven by product mix optimization and cost control [2][11] - Non-GAAP net income was $200 million, a 3% increase year-over-year and a 2% increase quarter-over-quarter, with Non-GAAP EPS at $1.33, up 10% year-over-year and 7% quarter-over-quarter [2][11] Business Segments - Mobile business accounted for 62% of revenue, with a year-over-year growth of 8% and a quarter-over-quarter growth of 1%, driven by strong performance from the largest customer and new Android product launches [3][12] - Non-mobile business represented 38% of revenue, achieving a 5% year-over-year and 2% quarter-over-quarter growth, marking six consecutive quarters of growth, primarily from edge IoT and automotive sectors [3][13] Future Outlook - For FY25Q4, the company expects revenue to be between $1 billion and $1.03 billion, with a midpoint reflecting a year-over-year decrease of 1% and a quarter-over-quarter increase of 5% [4][15] - Gross margin is anticipated to remain stable at 47%, benefiting from a stable product mix and cost control measures [4][15] Strategic Initiatives - The company plans to close the Woburn manufacturing facility to consolidate capacity at Newbury Park, aiming to enhance wafer fab utilization and reduce fixed costs [14][26] - Skyworks returned $430 million to shareholders in FY25Q3, including $104 million in dividends and $330 million in stock buybacks, with over $1 billion returned in the past two quarters [14]