Broadcom on Thursday offered analysts an upbeat end-of-year revenue forecast, thanks in part to the imminent launch of Apple's 2018 iPhone lineup, which is expected to boost the chipmaker's wireless business.

broadcom
Reuters reports that Broadcom predicted current-quarter revenue largely above estimates, due to higher demand for components that power data centers, as well as an increase in manufacturing at a certain "North American customer," which analysts identified as Apple.

The chipmaker expects Apple's smartphone sales to increase its wireless revenue by 25 percent compared to the previous quarter, although the overall forecast may be down in single-digit percentage compared to the previous year.

That said, Broadcom's enterprise storage business was up 70 percent in Q3 2018, and CEO Hock Tan believes that another strong show will feed into a "seasonal uptick" in its wireless arm:

"More than half our consolidated revenue ... is benefiting from strong cloud and enterprise data center spending," Tan said on his post-earnings call with analysts.

"This, coupled with a seasonal uptick in wireless, will drive our forecast revenue in the fourth quarter."

Next week sees Apple launch its new flagship iPhone lineup, for which Broadcom traditionally supplies several components, including the wireless charger controller, touchscreen, and more.

Apple's September 12 event is expected to usher in a next-generation iPhone X, a larger 6.5-inch OLED screen mobile handset, and a mid-tier 6.1-inch device with an LCD display. The date should also see the company debut a new Apple Watch series and redesigned iPad Pro models.

Related Forum: iPhone

Top Rated Comments

deeddawg Avatar
60 months ago
... and in other news, retailers expect a surge in sales of holiday decorations during the 4th quarter.
Score: 2 Votes (Like | Disagree)
MDF314159265 Avatar
60 months ago
Jeee, thx for the update. I hear water will stay wet for the foreseeable future as well.
Score: 2 Votes (Like | Disagree)

Popular Stories

iOS 17 on Phone Feature

Gurman: iOS 17 to Provide Several 'Most Requested Features'

Sunday March 26, 2023 6:05 am PDT by
Apple changed the strategy for iOS 17 later in its development process to add several new features, suggesting that the update may be more significant than previously thought, Bloomberg's Mark Gurman reports. In January, Gurman said that iOS 17 could be a less significant update than iPhone updates in previous years due to the company's intense focus on its long-awaited mixed-reality...
iOS 16

iOS 16.4 Will Add These 8 New Features to Your iPhone

Sunday March 26, 2023 8:06 am PDT by
Following nearly six weeks of beta testing, iOS 16.4 is expected to be released to the public as soon as this week. The software update includes a handful of new features and changes for the iPhone 8 and newer. To install an iOS update, open the Settings app on the iPhone, tap General → Software Update, and follow the on-screen instructions. Below, we have recapped eight new features and...
apple mixed reality headset concept by david lewis and marcus kane

Some Apple Employees Seriously Concerned About Mixed-Reality Headset as Announcement Draws Closer

Sunday March 26, 2023 8:25 am PDT by
Some Apple employees are concerned about the usefulness and price point of the company's upcoming mixed-reality headset, The New York Times reports. Apple headset concept by David Lewis and Marcus Kane Initial enthusiasm around the device at the company has apparently become skepticism, according to eight current and former Apple employees speaking to The New York Times. The change of tone...
iOS 16

Apple Releases iOS 16.4 With New Emoji, Safari Web Push Notifications, Beta Changes, Voice Isolation for Calls and More

Monday March 27, 2023 10:03 am PDT by
Apple today released iOS 16.4, the fourth major update to the iOS 16 operating system that initially came out last September. iOS 16.4 comes two months after the launch of iOS 16.3, an update that added Security Keys for Apple ID. iOS 16‌.4 and iPadOS 16.4 can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update. It can take a few minutes...
Steve Jobs Theater dusk

Apple Reportedly Demoed Mixed-Reality Headset to Executives in the Steve Jobs Theater Last Week

Sunday March 26, 2023 5:53 am PDT by
Apple showcased its mixed-reality headset to the company's top 100 executives in the Steve Jobs Theater last week, according to Bloomberg's Mark Gurman. In the latest edition of his "Power On" newsletter, Gurman explained that the "momentous gathering" is a "key milestone" ahead of the headset's public announcement planned for June. The event was intended to rally Apple's top members of...
top stories 25mar2023

Top Stories: iPhone 15 Pro Design Leak, iOS 16.4 Coming Soon, and More

Saturday March 25, 2023 6:00 am PDT by
We're still almost six months away from the official unveiling of the iPhone 15 lineup, but it seems like every day we're learning more about what to expect from the next-generation models. Notably, this week gave us our clearest look yet at what appear to be some changes for the volume and mute control hardware. iOS 16.4 and associated releases are also right around the corner with some new ...
apple tv 4k red image

Apple Releases tvOS 16.4 for Apple TV 4K and Apple TV HD

Monday March 27, 2023 10:00 am PDT by
Apple today released tvOS 16.4, the fourth major point update to the tvOS 16 operating system that came out last September. Available for the Apple TV 4K and Apple TV HD, tvOS 16.4 comes two months following the release of tvOS 16.3. The tvOS 16.4 update can be downloaded over the air through the Settings app on the ‌‌‌‌Apple TV‌‌‌‌ by going to System > Software Update....