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Broadcom's revenue forecast disappoints on weakness in chip business

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Broadcom Inc on Thursday forecast current-quarter revenue, the midpoint of which was slightly below analysts' estimates as its chip business took a hit from supply chain disruptions caused by the novel coronavirus.

FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake/File Photo

Chief Executive Officer Hock Tan, however, said the outlook for its chip business reflects a surge in demand from cloud, telecom and enterprise customers.

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Broadcasting is dead. Cable is dead. Theaters are dead. Long live streaming.

There's only so long people will buy tick tock iterative updates annually. There's really no change anymore. Phones are like PC's now. 5 years from now people will be using the same devices, just fine.

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Source: CNBC - 🏆 12. / 72 Read more »