Here's Why Broadcom Expects Its Wireless Business To Be Flat This Quarter

Chip giant Broadcom (NASDAQ: AVGO) is a supplier of critical wireless chips into flagship smartphones. It sells Wi-Fi/Bluetooth combination chips, touch-screen controllers, radio frequency chips, and more into devices like Apple's (NASDAQ: AAPL) flagship iPhones and the Samsung (NASDAQOTH: SSNLF) Galaxy S and Galaxy Note devices. Last quarter, Broadcom's wireless chip business, which made up 26% of the company's revenue in that period, saw 13% year-over-year revenue growth but dropped 41% quarter over quarter.Image source: Apple.Continue reading

Topics:  avgo    wi-fi/bluetooth    nasdaq   aapl    ssnlf galaxy s   galaxy note   broadcom   wireless   business   quarter   chips   chip   revenue   flagship   devices   
BING NEWS:
  • TE Connectivity beats top-line and bottom-line estimates; initiates Q3 outlook
    GAAP EPS of $1.86 beats by $0.03. Revenue of $3.97B (-4.6% Y/Y) beats by $10M. Orders were $4.0 billion, up 6% sequentially, with sequential grow ...
    04/23/2024 - 11:07 pm | View Link
  • Broadcom CEO Hock Tan: Focus On Upselling VMware’s 'Largest 2,000' Customers Proves 'Very Successful'
    Broadcom CEO Hock Tan expects his company’s VMware business ... to 30 percent. Wireless chip revenue decreased however Tan said he expects revenue in that segment to be flat year on year.
    03/8/2024 - 10:15 am | View Link
  • Broadcom Changes Mind, Opts Not To Sell RF Wireless Chip Business
    ‘After careful consideration, we have come to the conclusion that continuing to invest in and operate our wireless asset will create the most value for our business and for our shareholders ...
    03/12/2020 - 12:21 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News