Broadcom enjoyed that growth thanks to the increased complexity of the wireless subsystems in the devices compared to those found in the prior iPhone models, as well as the addition of wireless charging - a feature that Broadcom supplies chips to enable.
Let's dive into the details.
I'm simply not buying it, especially considering that Apple executives have gone on the record to say that the company never had any plans of integrating fingerprint scanning in the display, despite many (seemingly credible) rumors to the contrary.
In total, the analyst sees three new smartphones from Apple: An iPhone X-like device with updated components, a bigger "iPhone X Plus" model with a massive 6.5-inch OLED display, and a lower-cost 6.1-inch LCD model. With a price in the range of $700 to $800, this device could generate up to $80 billion in revenue alone over the last 6 months of this year.
100 million units of one model is a lot of phones, but the reality is Apple sells a lot of iPhones in general.
Numerous issues have started to appear with Apple devices as more and more users are registering bugs and problems on their support forums, these range from, erratic auto-correct results, SMS messages out of sync, constant app crashes and the phone not ringing when someone is calling. Or, put another way, with all else equal, gross profit dollars will grow by $100 million.
While Apple is indeed taking a look at cost-cutting measures, the cheaper 6.1 LCD iPhone will still feature Face ID and will make around 50 per cent of all shipments of the 2018 iPhone line-up.
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
Apple is not having its best week. The Motley Fool owns shares of and recommends Apple. The Motley Fool has a disclosure policy. The Motley Fool has a disclosure policy.