Apple 5G Modem Chip Drowns & Qualcomm Stock Rises

Bianca8403 Aug, 2022Technology

A renowned Apple stock analyst stated Tuesday that Apple's (AAPL) attempts to replace Qualcomm (QCOM) as a supplier of 5G modem chips for the iPhone had encountered a technological hitch. Qualcomm's shares increased in response to the announcement. Qualocomm Stock on the Rise TF International Securities analyst Ming-Chi Kuo said on Twitter that Apple appeared to have "failed" in its internal development of a 5G modem chip. According to him, Qualcomm would continue to be the exclusive provider of 5G iPhone modem chips until the second half of 2023. Apple chips were not just enough despite boost in certain functions such as clone phone. Qualcomm earlier anticipated that it will only provide 20% of the iPhone processors in late 2023.