Broadcom’s CEO Hock Tan, shared with Bloomberg that it expects Apple’s iPhone 12 lineup will see a delay from the usual September release to a Q4 release. Hock Tan shared company expectations for the iPhone 12 during an earning conference:
Hock Tan, chief executive officer of Broadcom, discussed a “major product cycle delay” at a “large North American mobile phone” customer, during an earnings conference call with analysts on Thursday.
Tan often refers to Apple this way. This time, the executive said the delay will mean the bump in wireless revenue experienced by Broadcom will happen one quarter later than usual this year. via Bloomberg
The launch delay for this year’s iPhone lineup will have a significant impact on Broadcom’s Q3 revenue.
“This year, we do not expect to see this uptick in revenue until our fourth fiscal quarter,” the CEO added. “So accordingly, we expect, our wireless revenue in Q3 will be down sequentially.”
From what we now know, we may see Apple unveil the iPhone 12 lineup in September, with availability a month later or a staggered release similar to the iPhone XR and iPhone X.
Stay updated with the latest Apple news at Appleosophy and follow our Telegram News Channel here. Join the Appleosophy Community on Telegram here.
