On Monday, Wolfe Research analyst Chris Caso downgraded Qualcomm stock to “Peer Perform” from “Outperform” as it expects the company will face headwinds as Apple begins to move away from its modem chips next yea Tae Kim for Barron’s: ‎ “It’s no surprise Apple has been pursuing a modem,” he wrote. “Recent checks suggest the Apple modem is indeed coming.” The analyst expects Qualcomm to lose 35% of its current Apple revenue with the iPhone 17 next year, and another incremental 35% loss with the iPhone 18 in 2026. He predicts Qualcomm will retain its modem business for iPhones sold to U.S. carriers that require mmWave wireless technology. “While Qualcomm has provided this commentary in the past (making an assumption…

Qualcomm will supply Apple with 5G modems at least through 2026 Apple plans to use its own in-house 5G modems in two upcoming iPhones, first in the iPhone SE4 (slated for first quarter 2025) and then in the “ultra-slim” iPhone 17 – “iPhone 17 Ultra?” – in third quarter 2025, according to a post on X from TF International Securities analyst Ming-Chi Kuo on Wednesday. TF International Securities analyst Ming-Chi Kuo via X: ‎ Apple is accelerating its move away from reliance on Qualcomm. In 2025, two new iPhone models will ditch Qualcomm’s 5G chips and adopt Apple’s in-house 5G chips: the iPhone SE4 (1Q25) and the ultra-slim iPhone 17 (3Q25). Support MacDailyNews at no extra cost to you by…

In January 2017, the Federal Trade Commission and Apple sued Qualcomm in connection with its alleged efforts to monopolize the market for baseband processors, a type of chip used in cellphones. Qualcomm largely won those battles, with the Apple lawsuits ending in settlements and regulators’ actions largely being overturned, but in a court filing on Tuesday, Qualcomm said it would agree to pay $75 million to settle a lawsuit brought by shareholders, who claim that the company misled them about how its business practices worked and artificially inflated its stock price as a result. Reuters: ‎ Qualcomm and six individual defendants, including former chief executives Paul Jacobs and Steven Mollenkopf, denied wrongdoing in agreeing to settle. Shareholders accused Qualcomm of…

Justin Long returns in yet another weak spoof of the classic "I'm a Mac" ad campaign that ended 14 years ago, this time for Qualcomm. (via Cult of Mac - Apple news, rumors, reviews and how-tos)

Justin Long, the face of Apple's iconic "I'm a Mac" commercials, now stars in a short Qualcomm skit promoting Snapdragon-powered PCs. At the Computex 2024 keynote, Qualcomm unveiled the new skit featuring Long, who is well-known for his role in Apple's "Get a Mac" commercials nearly two decades ago. Long is depicted as being overwhelmed by a barrage of notifications about app compatibility, low disk space, and battery issues in macOS, prompting him to search for an alternative in the form of a Windows on ARM PC. The ad concludes with Long stating, "Things change," a sentiment echoed by Qualcomm CEO Cristiano Amon during the event's closing remarks. Qualcomm's Snapdragon X Elite chips debut in new Copilot Plus PCs on…

Qualcomm gives better-than-expected revenue forecast onThursday as the company highlighted strong demand for “premium tier” or “AI-powered” smartphones that require the most advanced chips. Kif Leswing for CNBC: ‎ Here’s how it did versus LSEG consensus estimates for the quarter ended March 24: • Earnings per share: $2.44 adjusted vs. $2.32 expected • Revenue: $9.39 billion adjusted vs. $9.34 billion expected Net income during the quarter was $2.33 billion, or $2.06 per share, versus $1.7 billion, or $1.52 per share, in the year-earlier period. Qualcomm said it expected between $8.8 billion and $9.6 billion in sales in the current quarter, higher than Wall Street expectations of $9.05 billion. Qualcomm said on the earnings call that it expected overall handset revenues to decline…