Here’s how you know Apple is killing it

“Shares of Broadcom are up about 2% Thursday, after the company beat on fiscal fourth-quarter earnings per share and revenue expectations,” Bret Kenwell writes for TheStret. “While the stock is off its highs, it sends a good message to investors. Specifically, it says that the data center business and demand for Apple’s new iPhone remain strong, TheStreet‘s Jim Cramer said on CNBC’s “Mad Dash” segment.”

“If the technology sector rallies Thursday — which it is, with the PowerShares QQQ ETF up 0.55% — investors can likely thank Broadcom,” Kenwell writes. “Doubts were beginning to mount about the iPhone not having very robust demand and whether the data center business was topping out.”

Kenwell writes, “Given that Broadcom is one of the largest iPhone suppliers — behind Qualcomm, which Broadcom is trying to buy — a strong business suggests demand is more than OK, Cramer reasoned.”

Read more in the full article here.

MacDailyNews Take: If anyone tries to tell you that they’re doubting iPhone demand: Laugh in their face.

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  1. I’m curious as to whether it would help Apple’s cause for Broadcom to acquire Qualcomm. I’d sure like to see all those Qualcomm lawsuits against Apple to go away. I wonder if Broadcom took over those patents, would they also use them against Apple as they’d have an even stronger position. It’s scary business. I do think that the Qualcomm CEO is definitely a threatening character and I’d sure like for him to disappear.

    1. My rule of thumb is when I see a headline with one of the words kill, slaughter, destroy, obliterate, wipe out, eradicate, annihilate, butcher, torture, battle, force it is more than likely from Apple’s home country.

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