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The Good News and Bad News about Broadcom’s New Apple Contract

The Good News and Bad News about Broadcom’s New Apple Contract

Broadcom (AVGO) has secured a fresh component supply contract from Apple, according to a regulatory filing. Broadcom is already an Apple supplier, supplying the customer with components that go into products such as the iPhone and iPad. The new contract calls for Broadcom to supply Apple with radio-frequency components and modules for use in making Apple’s smartphones, tablets, and smartwatch devices.