What This Apple Supplier Just Told Us About iPhone X Demand
For quite a while, chipmaker Broadcom (NASDAQ: AVGO) has telegraphed to the investment community that it expects to see a substantial boost in the dollar content within Apple's (NASDAQ: AAPL) 2017 iPhone lineup -- something on the order of a 40% jump.
Unsurprisingly, then, when Broadcom reported results for its fourth fiscal quarter, its wireless chip business, which depends heavily on sales of chips to Apple, saw a 33% surge in sales.
Image source: Apple.
Source: Fool.com
Broadcom Ltd. Stock
€159.50
0.100%
With 68 Buy predictions and 1 Sell predictions Broadcom Ltd. is one of the favorites of our community.
With a target price of 1384 € there is potential for a 767.71% increase which would mean more than doubling the current price of 159.5 € for Broadcom Ltd..
