• Email Us: [email protected]
  • Contact Us: +1 718 618 4351
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Broadcom forecasts upbeat current-quarter sales on 5G bet

September 2, 2021 by David Barret Leave a Comment

September 2, 2021

(Reuters) -Broadcom Inc forecast fourth-quarter revenue above Wall Street expectations on Thursday, betting on strong demand for its semiconductors from the adoption of 5G technology and a shift to hybrid work models.

Broadcom’s efforts to diversify revenue by ramping up investments in its software business has insulated the company from being heavily impacted by supply chain disruptions.

The company’s wireless business division, which counts Apple Inc as a major customer, also stands to benefit from the latest iPhones expected to be launched this month.

Broadcom forecast current-quarter revenue of about $7.35 billion, compared with analysts’ estimates of $7.23 billion, according to IBES data from Refinitiv.

Revenue rose 16% to $6.78 billion in the third quarter ended Aug. 1, beating expectations of $6.76 billion.

(Reporting by Eva Mathews in Bengaluru; Editing by Amy Caren Daniel)

Source Link Broadcom forecasts upbeat current-quarter sales on 5G bet

David Barret
David Barret

Related posts:

  1. Tajikistan can’t afford to take in Afghan refugees without help -police chief
  2. Russia threatens to fine Apple, Google unless they remove Navalny app, Ifax reports
  3. Polish president imposes state of emergency on Belarus border
  4. Britain’s Raab, in Qatar, cites need to engage with Taliban

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • TWIS: Orcas Ramp Up Their Boat-Destroying Tactics, Billion-Year-Old Rocks Reveal Ancestral “Lost World”, And Much More This Week
  • 100,000 Soldiers: A Geological Oddity Not Seen Anywhere Else In The World
  • Most Expensive Pink Diamond Sells For Record $34 Million In Just 2 Minutes
  • Some Think Shilajit Is An “Elixir Of Life,” But What Does The Science Say?
  • US “Doomsday” Plane, Capable Of Surviving Nuclear War, Just Got A Big Revamp
  • Who Were The Real Aryans Before The Name Got Co-Opted By Racists?
  • After Months Of Warnings, El Niño Has Been Officially Declared
  • “Elixir Of Life”: Single Amino Acid Could Boost Lifespan By 10 Percent
  • 12,000-Year-Old Bone Flutes Discovered Sound Amazingly Like Birds Of Prey
  • Three New Shipwrecks Found In The Mediterranean, Dating Back As Far As 100 BCE
  • The Biggest Ammonite Fossil Ever Found Was A Whopping 1.8 Meters
  • RNA-Editing Octopuses Rewire Their Brains To Cope With Drops In Temperature
  • New 99-Million-Year-Old Dinosaur Species Discovered In Utah
  • Rebound Relationships: What They Are And Why They Can Work Better Than You Think
  • Aggressive Rabid Moose Becomes The First Ever Detected In Alaska
  • Are Billionaires’ Extreme Youth-Extending Measures Really Worth It?
  • Is A Mysterious Cipher Concealed Within The “Alchemical Hand Bell”?
  • IFLScience The Big Questions: Is Jurassic Park Possible?
  • Greenhouse Gas Emissions At “All-Time High,” Pushing Planet To Its Limits
  • Parents Who Phub Could Push Their Kids Towards Phone “Addiction”
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 618 4351
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2023 · Medical Market Report. All Rights Reserved.

Go to mobile version