Contract chip maker Broadcom, whose client is Apple and other big companies, announced that the release of the new iPhone will be delayed.
Broadcom CEO hock tan (Tan Hock) has reported delays in the production cycle of important product “of large North American smartphone manufacturer” during a meeting with analysts Cola. For this reason, in the third quarter of the current fiscal year ending for the company in early August, the proceeds will be reduced by Broadcom. But in the fourth quarter, according to the expectations of Broadcom, the company’s revenue will start to grow. It also means that the traditional autumn Apple presentation of the new iPhone are unlikely to be willing
the Announcement of the new gadget might be, but it will begin deliveries later than usual. Bloomberg News reported that Apple is planning to release the next iPhone lineup several weeks later than usual.
Broadcom’s Revenues for the second fiscal quarter ended in March rose 4% to 5.74 billion, but the company gave a disappointing Outlook due to weak demand for components for smartphones. Since most of the world’s population due to the pandemic remained at home, the demand for smartphones has declined.
it is Expected that this year global smartphone shipments will fall 11.9 percent – the largest annual decline in history. In its recent forecast by market research firm IDC expects that shipments will reach 1.2 billion in 2020, compared to slightly less than 1.4 billion in the past year. Annual forecast follows a record fall of 11.7% year on year. IDC has drastically revised its annual February forecast, when was the first outbreak of the virus. Then the reduction in supply is expected to reach 2.3%.
it is Expected that Broadcom’s revenue for the three months ending in July, would amount to 5.75 billion dollars +/-150 million dollars. This compares with the average forecast of analysts 5.77 billion, according to data collected informed Bloomberg.
shares of Broadcom, one of the last companies in the technology sector, reported revenues falling by 1% during extended trading. Earlier in new York, protests of contract closed at 308,89 dollar.