Broadcom (NASDAQ:BRCM) is a fabless semiconductor company that lives up to its namesake as it develops a wide range of semiconductor products for a vast array of end markets. One market that is particularly important to Broadcom is the mobile and wireless segment. In this market, Broadcom supplies components such as touch controllers, connectivity combo chips, and (to a limited extent) cellular modems and the attendant applications processors.
While the company is trying to expand its product lines to capture more content share within handsets, one of its biggest drivers is the connectivity chip business. In particular, both Samsung (NASDAQOTH:SSNLF) and Apple (NASDAQ:AAPL) are pretty significant buyers of connectivity chips, particularly for their high-end phones.
Join Eric Bleeker, CFA and Ashraf Eassa as they discuss the potential implications of Apple's results on Broadcom's business and whether it's time to bail on Broadcom.
Are these 3 companies the next Amazon?
The one sure way to get wealthy is to invest in a groundbreaking company that goes on to dominate a multi-billion dollar industry. Our analysts have done it before with the likes of Amazon and Netflix. And now they think they’ve done it again with three stock picks that they believe could generate the same type of phenomenal returns. They’ve revealed these picks in a new free report that you can download instantly by clicking here now.
Ashraf Eassa owns shares of Broadcom. Eric Bleeker, CFA has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.