J.P. Morgan Reports Strong Partnership Between Broadcom And Apple
According to J.P. Morgan, Broadcom Corporation (NASDAQ: BRCM) will remain the connectivity supplier for Next Gen iPhones and iPads.
J.P. Morgan reported that Broadcom's connectivity (WLAN, BT, FM), touch controller, and Ethernet controller products are currently utilized across multiple Apple products and the company will likely continue to win major designs at Apple in the future given the breadth of its product portfolio, feature/functionality integration, and long historical relationship with Apple. “Given this dominant position at Apple, we believe Broadcom will be one the major beneficiaries as Apple continues to expand its footprint in smartphones, tablets, and notebooks.”
Broadcom Corporation closed yesterday at $37.56.
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