A new Bloomberg report cites Broadcom CEO Hock Tan as saying that a “large North American mobile phone” maker might experience a “major product cycle delay.” Broadcom is one of the chip suppliers for Apple’s iPhone, and the report says that Tan frequently refers to Apple this way.
Broadcom usually gets a surge in revenue in its third fiscal quarter of the year, when iPhones go into mass production (the actual launch typically happens in late September). But this year, Broadcom doesn’t expect to see the increased revenue until the company’s fourth fiscal quarter, Tan said during an earnings conference call on Thursday.
