IPhone 12 Launch Sent Broadcom’s Q4 Wireless Revenue Soaring 43%
Broadcom’s wireless revenue in fiscal Q4, ended Nov. 1, was 31% of its semiconductor business and up 43% sequentially from Q3, with the launch of the “new-generation flagship phone by our large North American OEM customer,” said CEO Hock Tan…
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on an investor call Thursday, in obvious reference to the iPhone 12. Broadcom announced multiyear agreements in January to supply Apple with $15 billion in wireless components and modules. Wireless revenue declined 9% year-on-year, due to the one-quarter delay in ramping up “production of that program,” said Tan. Broadcom now expects fiscal Q1 “to be up over 50% year-on-year,” he said.