Jan 24, 2020

Broadcom says it expects $15 billion from iPhone deals with Apple

Broadcom disclosed Thursday two deals with Apple that will see the company getting roughly $15 billion in revenue from the iPhone maker through 2023.

Why it matters: While Apple gets the lion's share of revenue from the iPhone, there are many suppliers and component makers who make a fortune from the device; they just usually have to be cagey about offering details for fear of irking Apple. It's hard to stay silent, though, when Apple accounts for such material revenue.

Broadcom specializes in communications chips, like those that add Bluetooth and WiFi capabilities, and also makes radio chips that do a portion of the phone's cellular communications work.

  • The company has previously said it was looking to sell that unit, per Bloomberg.

Go deeper: Broadcom to buy Symantec unit for $10.7 billion

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Apple shares surge after it posts record holiday sales

Photo: Apple

Buoyed by strong iPhone sales and a growing services business, Apple reported record quarterly revenue and profits that were well ahead of estimates and its own forecasts. Apple also projected revenue for the current quarter ahead of many analysts' expectations, sending shares higher.

Why it matters: The October-to-December quarter includes the all-important holiday shopping season, and Apple's results show the resiliency of its business.

Go deeperArrowJan 28, 2020

Apple's stance on iCloud encryption keys is nothing new for the company

Illustration: Rebecca Zisser/Axios

Apple has come under fire this week for holding onto encryption keys to iCloud backups, which let it provide law enforcement with access to users' data even while the company is refusing to unlock iPhones for the FBI, as in the current standoff over the Pensacola shooter's phone.

The state of play: Apple's practice is nothing new — and it's not a sign the company is capitulating to law enforcement in the encryption debate.

Go deeperArrowJan 23, 2020

Apple will miss quarterly earnings estimates due to coronavirus

Apple CEO Tim Cook

Apple issued a rare earnings warning on Monday, saying it would not meet quarterly revenue expectations due to the impact of the coronavirus, which will limit iPhone production and limit product demand in China.

Why it matters: Lots of companies rely on China for production, but unlike most U.S. tech companies, Apple also gets a significant chunk of its revenue from sales in China.