Susquehanna bullish on Broadcom due to iPhone 6; Apple suppliers up


Discussing his upgrade of Broadcom (BRCM +2.6%) to Positive, Susquehanna's Chris Caso declares expectations have been reset thanks to a summer swoon, and that an iPhone 6 launch (expected in Q2 '14) will act as a catalyst.

Caso also views improving networking chip demand and the purchase of Renesas' 4G baseband chip unit as reasons to be bullish.

Some other Apple suppliers are also rallying today: CRUS +2.8%. SWKS +1.5%. NTE +2%. Avago is up after catching an upgrade to Outperform from JMP.

The iPhone 6 is widely expected to feature a larger display, something considered necessary to slow international share losses as demand for large-screen Android phones takes off. Two weeks ago, the WSJ reported Apple is thinking of offering "iPhones with screens ranging from 4.8 inches to as high as six inches."

From other sites
Comments (1)
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    But the iPhone 5S hasn't shipped yet!
    17 Sep 2013, 12:23 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs