Leading chipmaker Broadcom Corporation ( BRCM - Analyst Report ) recently declared the inclusion of its latest smartphone platform in its product profile. The newly launched process is entirely compatible with Android 4.2 Jelly Bean operating system (OS). The 3G platform embedded with BCM21664T 1.2GHz HSPA+ cellular baseband is considered to be the first dual-core HSPA+ processor in the industry which is especially designed for low-end smartphones.

Broadcom's advanced platform will be engaged in integrating Wi-Fi, Bluetooth and Near Field Communications (NFC) process. Moreover, with the association of Dual ARM Cortex A9 and VideoCore® graphics, the 3G portal will be able to provide very high data speed along with faster computing process at a very reasonable cost.

The new device has various features including 21.1 Mbps of downstream connectivity, 5.8 Mbps of upstream connectivity; it has graphic features of 720p HD recording and it supports full 1080p playback and with low power consumption, the platform has an option of 3G/2G dual SIM-dual standby mode. Moreover, with the help of radio frequency (RF), power management unit (PMU) and an advanced connectivity suite the 3G portal will offer a complete system solution. The latest chipset is expected to improve the efficacy of entire Android 4.2 operating system.

Broadcom’s customized solutions would surely mitigate the increasing demand in the industry thus enhancing its business. Broadcom is well placed in the fast-growing wired and wireless communications markets, with cutting-edge solutions for a growing number of connected users, who are demanding more content and bandwidth. The market for wireless connectivity devices is expected to grow further, driven by increasing demand of smartphones, tablets, netbooks and digital TVs.

The company currently faces ominous competition from a number of major players of the industry like QUALCOMM Incorporated (QCOM) and Skyworks Solutions Inc. ( SWKS - Analyst Report ) . QUALCOMM’s operating unit, Qualcomm Labs, Inc. joins forces with Recruit Holdings Co., Ltd., Dentsu Inc., and Blogwatcher to authorize the licensing of Gimbal which is a context awareness solution. Hence, in order to retain its position in the global market, it is imperative that Broadcom continues to make various momentous undertakings and develop new products, keeping in mind the betterment of the organization in both the long and short run.

For Broadcom the current Zacks Consensus Estimate for the fourth quarter of 2012 is 49 cents, reflecting a year-over-year increase of 8.1%. Estimates for 2012 and 2013 are $1.97 and $2.04, representing annual improvement of 7.2% and 3.6%, respectively. We currently maintain a ‘Hold’ recommendation on Broadcom. The stock carries a Zacks #3 Rank, translating into a short-term (1-3 months) ‘Hold’ rating