According to the Tame Apple press Broadcom’s results are thanks to it selling its soul to Apple. Reuters took the opportunity to remind everyone that Jobs’ Mob flogged a lot of phones in a quarter completely unrelated to the one being mentioned by Broadcom.

Saner minds said that any results from the Apple deal was probably balanced out by the fact that Broadcom’s other smartphone customers tanked.

What really has happened is that Broadcom got out of baseband technology after falling behind in the development of 4G technology increasingly used by carriers.

It then focused on its better-performing networking and broadband businesses and the company in December returned some of its freed up cash to shareholders with an increased dividend.
Broadcom, a leader in connectivity chips with features like Wi-Fi and Bluetooth, reported fourth-quarter revenue of $2.14 billion, up 3.8 percent from the year-ago period.

It also said revenue in the first quarter would be $2.0 billion, plus or minus $75 million.

Analysts on average had expected fourth-quarter revenue of $2.11 billion and expect first-quarter revenue of $2.01 billion.
In the fourth quarter, Broadcom posted a net profit of $390 million, or 64 cents a share, compared with a net profit of $168 million.