Qualcomm Might get by with an extra bite or two Apple, But like any treat, no one should expect the sugar rush to persist.
Qualcomm’s stock jumped earlier this week after an influential analyst tweeted that Apple’s effort to develop its own modem chip was hampered. Ming-Chi Kuo of Taiwan’s TF International Securities, who is well-regarded in Apple’s vast supply chain, said his sources indicated a 5G modem chip Apple is developing for its devices “failed.” could.” He thus estimated that Qualcomm would retain all of Apple’s modem chip business for the line of iPhones coming in late 2023.