Should Investors Worry about Broadcom’s Wireless Segment?
Broadcom’s (AVGO) fiscal second-quarter earnings were impacted by weakness in its second-largest business, wireless. Although Broadcom does not state it openly, its biggest customers are Apple (AAPL) and Samsung (SSNLF). In fiscal Q2 2018, Broadcom’s wireless revenue rose 13% YoY (year-over-year) but fell 41% sequentially to $1.3 billion, accounting for 26% of the company’s revenue.