By Noel Randewich SAN FRANCISCO (Reuters) - Broadcom on Thursday posted fourth-quarter revenue and profits that were down from a year earlier, but the results slightly exceeded expectations of Wall Street analysts concerned about tepid smartphone sales. The chipmaker reported fourth-quarter revenue of $2.06 billion, down 0.8 percent from the year-ago period. While Broadcom's connectivity chips are widely used in high-end smartphones like Apple's iPhone, they are included less often in low-end handsets favored by many consumers in emerging markets, where growth in smarpthones has shifted. Concerns about slowing smartphone sales grew on Monday when Apple gave a weak revenue forecast and reported lower-than-expected holiday iPhone sales.
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