Skyworks Solutions Crushed; Falls 7% (SWKS, AAPL)

Shares of Skyworks Solutions SWKS took a mid-day nosedive on Wednesday after Forbes said that the company may get "a lot" less revenue from Apple's AAPL iPhone 5 than it received from the iPhone 4. The shares had been trading in positive territory until this commentary surfaced. Forbes cited Charter Equity analyst Edward Snyder in the article addressing Skyworks (SWKS) and the iPhone 5. The stock is currently trading down around 7% at $28.77 heading into the close. The lows in the name were seen around 1 p.m. EST in the $27.57 range, so the stock has actually rebounded a good bit from its worst levels. Do not be surprised at all if SWKS remains active in coming sessions, as the movement in the shares was extremely volatile today.