FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake/File Photo
(Reuters) – Broadcom Inc (AVGO.O) on Thursday forecast current-quarter revenue with a midpoint slightly below analysts’ estimates, in part caused by a delay at a “large North American mobile phone” customer that analysts believe is Apple Inc (AAPL.O).
The company forecast fiscal third-quarter revenue of about $5.75 billion, plus or minus $150 million. Analysts on average were expecting $5.79 billion, according to IBES data from Refinitiv.
“We would normally expect to see a double-digit sequential uplift in revenue from the ramp of next-generation phone at our large North American mobile phone customer,” Chief Executive Hock Tan said on a conference call. “However, this year, we do not expect to see this uptick in revenue until our fourth fiscal quarter.”
Tan cited a “major product cycle delay in wireless” without…
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