Qualcomm Announces Agreement with Apple for Chip Supply
Portfolio Pulse from Benzinga Newsdesk
Qualcomm Technologies has entered into an agreement with Apple Inc. to supply Snapdragon 5G Modem-RF Systems for smartphone launches in 2024, 2025, and 2026. This deal strengthens Qualcomm's leadership in 5G technologies and products.
September 11, 2023 | 11:31 am
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POSITIVE IMPACT
Apple's agreement with Qualcomm for the supply of 5G Modem-RF Systems could enhance the performance of its future smartphones and strengthen its position in the 5G smartphone market.
The agreement with Qualcomm, a leader in 5G technology, could enhance the performance of Apple's future smartphones and strengthen its position in the 5G smartphone market. This is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Qualcomm's agreement with Apple to supply 5G Modem-RF Systems for future smartphone launches could boost its revenues and strengthen its position in the 5G market.
The agreement with Apple, a major player in the smartphone market, could significantly increase Qualcomm's revenues and solidify its leadership in the 5G market. This is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100