U.S. Markets close in 3 hrs 24 mins

Apple’s Strategy behind Selecting Qorvo as a Secondary Supplier

Paige Tanner
Apple’s Strategy behind Selecting Qorvo as a Secondary Supplier

Broadcom (AVGO) lost low-band PAD filter orders for Apple’s (AAPL) iPhone XR to Qorvo (QRVO). Instinet analyst Romit Shah stated that this could cost Broadcom $400 million in revenue from Apple.