Chipmaker Broadcom (NASDAQ: AVGO), which supplies wireless semiconductors to Apple (NASDAQ: AAPL) for its iPhone, hinted the next iteration of the device will be delayed.
During a conference call to discuss second-quarter results and provide guidance for its current quarter, Broadcom CEO Hock Tan said the company would typically see a double-digit quarter-over-quarter uptick in wireless chip revenue due to increased orders for next-generation smartphones from its "large North American mobile customer." But this time around, that revenue increase is getting pushed out. According to Bloomberg, Tan typically refers to Apple in that manner.
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Source Fool.com