{"id":11655,"date":"2021-09-03T10:24:13","date_gmt":"2021-09-03T14:24:13","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=11655"},"modified":"2021-09-07T11:51:16","modified_gmt":"2021-09-07T15:51:16","slug":"broadcom-forecasts-higher-fourth-quarter-sales-with-5g-bet","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/broadcom-forecasts-higher-fourth-quarter-sales-with-5g-bet\/","title":{"rendered":"Broadcom Forecasts Higher Fourth-Quarter Sales With 5G Bet"},"content":{"rendered":"\n<p>Broadcom Inc forecast fourth-quarter revenue above Wall Street on Thursday after growing demand for its 5G semiconductors and the shift to a hybrid work model.<\/p>\n\n\n\n<p>The company&#8217;s wireless division is also benefiting from the latest iPhones, which are due to hit the market this month.<\/p>\n\n\n\n<p>Analysts have noted that the switch to 5G may possibly boost demand for Broadcom&#8217;s radio frequency and wireless chips, which enable devices to connect to Bluetooth and Wi-Fi.<\/p>\n\n\n\n<p>Broadcom expects revenue of about $7.35 billion for the current quarter, compared with analyst estimates of $7.23 billion, according to IBES data from Refinitiv.<\/p>\n\n\n\n<p>Revenue for the third quarter ended August 1 rose 16% to $6.78 billion, beating expectations of $6.76 billion.<\/p>\n\n\n\n<p>The company also makes chips for data centers and servers, meaning that rapid migration to the cloud and a rebound in corporate spending will boost Broadcom&#8217;s revenue in a post-pandemic world, as many companies opt for a hybrid business model.<\/p>\n\n\n\n<p>For more information, view the original story from Reuters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Broadcom Inc forecast fourth-quarter revenue above Wall Street on Thursday after growing demand for its 5G semiconductors and the shift to a hybrid work model.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-11655","post","type-post","status-publish","format-standard","hentry","category-mobility"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=11655"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11655\/revisions"}],"predecessor-version":[{"id":11679,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/11655\/revisions\/11679"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=11655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=11655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=11655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}