Wireless Charging Coming to iPhone!

#JPMorgan tell investors #Apple $AAPL will integrate #Broadcom’s $BRCM wireless charging chip into its upcoming iPhone launch in the second half of 2017.

In February, the bank was unclear whether or not Apple would be integrating wireless broadcom_chipcharging into this year’s iPhone launch. The February report sent shares of #Energous $WATT lower.

Since that report, Broadcom is getting set to commence manufacturing production of the wireless charging chip with its foundry partners in May.

The broker believes Apple will also use Broadcom’s next generation WiFi/Bluetooth combo chip and maybe two ASIC chips instead of one. There is at least a $2-$3 step-up in dollar content per phone from the new wireless charging chip, new touch controller chips and upgraded wireless connectivity content in the upcoming iPhones, which is “significantly” higher than what the market is anticipating.

#JPMorgan reiterates an Overweight rating on Broadcom with a $260 price target.


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After 40 years, Boeing to deliver first jets to Iran next year

#Boeing $BA is planning to deliver initial planes in a $16.6B 80-jetliner sale to Iran Air starting next year, #Bloomberg reports. “That remains on track,” CEO Dennis Muilenburg told reporters, according to Boeing Business Jet Family
K63803Bloomberg. “It’s really important that at every step of the process, we’re working on this hand-in-hand with the U.S. government.”

The company also has a separate $3B agreement with #Iran #Aseman Airlines. #Airbus $EADSY has already delivered initial planes in a $19B sale after international restrictions on trade were lifted following a nuclear accord.

“The prospect of renewed aircraft deliveries to the Islamic republic continues to rankle conservatives, who say the jetliners will be used for military purposes or to support terrorist groups,” according to Bloomberg.

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