Apple plans three-year modem rollout to compete with Qualcomm, Bloomberg News reports
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Apple is set to launch its own cellular modem chips next year, aiming to replace Qualcomm's components over a three-year rollout period.
December 06, 2024 | 6:15 pm
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NEGATIVE IMPACT
Qualcomm may face reduced revenue as Apple plans to replace its modem components with in-house chips over the next three years.
Qualcomm's revenue could be negatively impacted as Apple, a major client, plans to phase out Qualcomm's modem components in favor of its own. This could lead to a decrease in Qualcomm's market share in the modem space.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 70
POSITIVE IMPACT
Apple is developing its own cellular modem chips to replace Qualcomm's components, potentially reducing dependency on Qualcomm and enhancing its product ecosystem.
Apple's move to develop its own modem chips signifies a strategic shift to reduce reliance on Qualcomm, potentially leading to cost savings and greater control over its technology stack. This could positively impact Apple's stock as it enhances its product ecosystem.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 80