Will QCOM Stock Be Hit if Apple iPhones Ditch Qualcomm Modems?
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The article discusses the potential impact on Qualcomm (QCOM) stock if Apple iPhones stop using Qualcomm modems. Despite this potential risk, Qualcomm's strong earnings history and favorable Zacks Rank suggest the stock is poised for further price appreciation.
December 11, 2024 | 9:15 pm
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Qualcomm may face a risk if Apple iPhones stop using its modems, but its strong earnings history and favorable Zacks Rank indicate potential for price appreciation.
The potential loss of Apple as a customer for its modems could negatively impact Qualcomm. However, the company's strong earnings history and favorable Zacks Rank suggest that the stock may still appreciate, balancing the potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100