Apple (AAPL) plans to use its own Wi-Fi chips made by TSMC’s (TSM) N7 process and with Wi-Fi 7 in the iPhone 17 lineup, reducing its reliance on Broadcom (AVGO), analyst Ming-Chi Kuo said in a post on X, the platform formerly known as Twitter. “Apple expects to move nearly all products to in-house Wi-Fi chips within about three years. This move will reduce costs and enhance Apple’s ecosystem integration advantages,” Kuo said.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Apple Q1 revenue outlook below sell-side consensus, says JPMorgan
- Apple price target lowered to $184 from $186 at Barclays
- Apple Achieves Record Revenue in Fourth Quarter 2024
- Closing Bell Movers: Amazon gains 6%, Apple slips 2% on earnings
- Apple CEO Cook says FX helped China revenue, which was flat in Q4