The Street continues to dissect the implications of Apple’s (AAPL) iPhone 4S for its component suppliers, following an examination of the device yesterday by iFixit.
In a brief note this morning, Jefferies & Co.’s Mark Lipacis Reiterates a Buy rating on shares of Broadcom (BRCM), and a $46 price target, writing that Broadcom is the supplier of the combination bluetooth and WiFi radio chip in the phone, he believes.
The iFixit write-up did not definitively identify Broadcom, but rather speculated its part was contained inside another company’s package, Murata Manufacturing.
“BRCM remains the dominant supplier of connectivity solutions for smartphones,” writes Lipacis.
“We think the majority of smartphones on sale worldwide are featuring BRCM’s Wi-Fi solutions.”
Broadcom shares this morning are up 42 cents, or 1%, at $37.44 in early trading.
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