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Another victory! Following the 5G chip, it is reported that Apple (AAPL.US) will launch its self-developed Bluetooth + Wi-Fi chip in 2025.
Apple plans to start using self-developed Bluetooth and Wi-Fi combination chips from 2025. This move aims to enhance device performance and energy efficiency while reducing dependence on Broadcom.
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The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Broadcom's earnings exceeded expectations, driven by sales growth from AI.
Apple and other large Technology companies' chip supplier Broadcom reported better-than-expected earnings for the fourth quarter, boosted by demand for AI. The company stated in a release on Thursday that its EPS, excluding certain items, was $1.42. Revenue rose to nearly $14.1 billion. Compilation data shows that the Analysts' previous average forecast was an EPS of $1.39 and revenue of $14.1 billion. Broadcom expects sales for the first quarter ending in January to reach $14.6 billion, in line with Analysts' expectations. Broadcom's Earnings Reports show that demand for AI computing is offsetting slowdowns in other areas. Broadcom collaborates with NVIDIA.
U.S. stock market close: The Nasdaq has fallen from historic Top Reversal, while the Dow has declined for the sixth consecutive day.
① The Nasdaq China Golden Dragon Index rose by 0.18%, with China Concept Stocks showing mixed performance; ② Google is collaborating with Samsung to develop a headset device, with the first product expected to be launched next year; ③ Apple is reportedly set to start producing a key wireless chip currently supplied by Broadcom next year; ④ Adobe fell nearly 14%, as the company's full-year performance guidance was below expectations.
Is Broadcom about to lose a big order? It is reported that Apple will switch to self-developed Wi-Fi chips for iPhone and home products starting next year.
Media reports that Apple plans to use its self-developed chip combining Wi-Fi and Bluetooth for the new iPhone, Apple TV, and HomePod mini next year, and for iPads and Macs in 2026. One-fifth of Broadcom's fiscal year revenue comes from Apple, making it the largest supplier of Apple's Wi-Fi/Bluetooth chips. After the news broke, Broadcom's stock price hit a daily low, falling nearly 4%.
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Express News | Apple's Chip, Code-Named Proxima, Has Been in Development for Several Years and Is Now Slated to Go Into the First Products in 2025 - Bloomberg News
Express News | Apple Nears Switch to in-House Bluetooth and Wi-Fi Chip for iPhone, Home Devices - Bloomberg News
Express News | Apple's Homegrown Wireless Chip To Come To iPhone Later In 2025
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