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Analyst says Qualcomm could get bigger cut of iPhone market

Published 06/28/2017, 02:04 PM
© Reuters.  Analyst says Qualcomm could get bigger cut of iPhone market
QCOM
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AAPL
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  • Rosenblatt analyst Jun Zhang thinks Qualcomm’s (NASDAQ:QCOM) share of the forthcoming Apple (NASDAQ:AAPL) iPhone market might surpass the iPhone 7 and maintains a Neutral rating and $56.

  • Zhang cites Taiwan Semi’s increased orders of Qualcomm wafers and telecom pressure for faster upload speeds could push the iPhone market share up over the current 65%.
  • Zhang says that Apple’s need to use Qualcomm or risk sacrificing speed could help the chipmaker negotiate the ongoing legal battles between the two companies.
  • Source: StreetInsider
  • Qualcomm shares are up 1.34%.
  • Previously: Taiwan Semiconductor regains some Qualcomm orders (June 22)



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