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Stock impact report

Apple may stop using Qualcomm chips in iPhones; Qualcomm's shares tumble [Los Angeles Times (CA)]

QUALCOMM Incorporated (QCOM) 
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
Report: Apple considers dumping Qualcomm as chip supplier, sending shares tumbling. Qualcomm ’s shares tumbled on Tuesday after a report that Apple is considering dumping the San Diego company’s cellular modem chips from next year’s versions of iPhones and iPads. The Wall Street Journal cited two unnamed sources saying Apple was designing devices to exclude Qualcomm chips that link smartphones to cellular networks as the two tech giants fight a fierce legal battle over Qualcomm’s patent royalties. The report said Apple could use Intel or possibly MediaTek as alternatives to Qualcomm in devices that likely would roll out to consumers in the fall of 2018 based on past iPhone product cycles. According to analysts, Apple typically makes component supply decisions for the next iPhone version nine months or so ahead of time – though that’s not always the case. The news came the day before Qualcomm reports fiscal fourth quarter and full year results on Wednesday . The company’s s Show less Read more
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