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."

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Comments (1)
  • wigit5
    , contributor
    Comments (4365) | Send Message
    But the iPhone 5S hasn't shipped yet!
    17 Sep 2013, 12:23 PM Reply Like
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