Here's How Broadcom Ltd. Hopes to Grow Its Wireless Business
This year, chip giant Broadcom's (NASDAQ: AVGO) wireless chip business, which depends heavily on sales of chips to premium smartphone customers like Apple (NASDAQ: AAPL), is set to be the star of the show.
Thanks to what appear to be substantial dollar content gains in the next iPhone (Broadcom management pegs the year-over-year dollar content growth at about 40%), Broadcom enjoyed 27% year-over-year revenue growth in its wireless business last quarter and is expecting solid growth here over the next couple of quarters.
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Source: Fool.com
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