Just as Apple's supply chain has lowered its forecast for earnings,, chipmaker Broadcom, announced its fourth-quarter earnings report, which is better than expected and the outlook for next year is strong. CEO Hock Tan pointed out that the wireless business performed better than expected in the last quarter, thanks to the rose demand for old smartphones of "a customer in North America", hinting at Apple.
Tan said in the report that the growth of the number of old smartphones for North American customers" helped the company's wireless business unit to performed well in the fourth quarter. He did not directly name Apple, but according to Bloomberg, Apple is the biggest partner of Broadcom in North America.
Tan's statement indicates that Apple’s old iPhone sales are in strong demand. However, he also pointed out that the wireless business is expected to face a "seasonal decline" in the first quarter of the year ending in January next year. Older iPhone models that still available for purchase including iPhone 7, 7 Plus, iPhone 8, 8 Plus, as well as the iPhone X.
Several Apple supply chains have lowered their financial forecasts, reflecting the weak demand for the latest models such as iPhone XR, iPhone XS and iPhone XS Max, which has deepened doubts on the future of Apple's iPhone but also gave exceptional attention to whether the earnings and outlook of Apple stocks.
Image Via PCMag.com
Tan said in the report that the growth of the number of old smartphones for North American customers" helped the company's wireless business unit to performed well in the fourth quarter. He did not directly name Apple, but according to Bloomberg, Apple is the biggest partner of Broadcom in North America.
Tan's statement indicates that Apple’s old iPhone sales are in strong demand. However, he also pointed out that the wireless business is expected to face a "seasonal decline" in the first quarter of the year ending in January next year. Older iPhone models that still available for purchase including iPhone 7, 7 Plus, iPhone 8, 8 Plus, as well as the iPhone X.
Several Apple supply chains have lowered their financial forecasts, reflecting the weak demand for the latest models such as iPhone XR, iPhone XS and iPhone XS Max, which has deepened doubts on the future of Apple's iPhone but also gave exceptional attention to whether the earnings and outlook of Apple stocks.
Image Via PCMag.com