Apple Supplier Broadcom Suggests Older iPhones Are in Demand
An Apple iPhone 7 Plus smartphone.
Photographer: John Taggart/Bloomberg
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Broadcom Inc. Chief Executive Officer Hock Tan said the company’s wireless business performed better than expected due to demand for older smartphones from a North American customer.
Broadcom reported fiscal fourth-quarter profit that topped Wall Street estimates on Thursday. Tan said "upside volumes of legacy phone generations from our North American customer" helped the wireless division.