Qualcomm Analyst Sees Opportunity In 'Regaining Share With Samsung' After Apple Revenue Squeeze
Portfolio Pulse from Surbhi Jain
Qualcomm faces potential revenue loss from Apple's in-house modem development but sees growth opportunities with Samsung and in sectors like automotive and IoT. Analyst Samik Chatterjee from JPMorgan highlights the potential for Qualcomm to regain market share with Samsung, which could offset losses from Apple.
September 17, 2024 | 12:58 pm
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NEUTRAL IMPACT
Apple's development of in-house modems could significantly reduce its reliance on Qualcomm, impacting Qualcomm's revenue. This move is part of Apple's strategy to insource more components.
Apple's move to develop in-house modems could reduce its dependency on Qualcomm, impacting Qualcomm's revenue. However, this is part of a broader strategy by Apple to insource components, which is already known to the market, leading to a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Qualcomm is expected to face revenue challenges due to Apple's in-house modem development, potentially impacting 14% of revenue. However, opportunities with Samsung and growth in automotive and IoT sectors could offset these losses.
Qualcomm's revenue from Apple is at risk due to Apple's modem insourcing, potentially impacting 14% of revenue. However, Qualcomm's potential to regain market share with Samsung and growth in automotive and IoT sectors could offset these losses, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100