A new filing with SEC reveals that Apple has entered two separate contracts with wireless component maker Broadcom for $15 billion in wireless components.
According to the filing, Broadcom will provide specified RF components and modules to Apple to be used in hardware devices over the next three and a half years.
Apple currently uses Broadcom components on the iPhone 11 lineup for Wi-Fi and Bluetooth connectivity. As per analyst Patrick Moorhead or Moor insights, the filing suggests future iPhones could be supplied with Broadcom components for LTE connectivity – but Broadcom components for 5G connectivity aren’t completely off the table. Remember
Following the news of the 2020 SOW (Statement of Work), Broadcom’s stock price rose about 3% in after-hours trading with a peak of $330.10 after closing on Thursday at $319.65.
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