Qualcomm (QCOM): Apple Not Developing Basebands, Says Analyst
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Is Apple (AAPL) Replacing Qualcomm (QCOM)?
April 11, 2014 7:53 AM EDTInvestors in Qualcomm (NASDAQ: QCOM) have been a little nervous over past 24-hours following reports from DigiTimes that suggest Apple was creating an R&D team to create its own baseband processor. Currently, Apple uses Qualcomm
basebands and likely accounts for 15-18% of Qualcomm sales, according to Nomura Securities analyst Romit Shah.
While it seems feasible that Apple might want to integrate further at the baseband level, baseband development is difficult, Shah says. To date, only Qualcomm has a viable LTE solution on the market.
"If Apple... More
Apple (AAPL) Could See Demand Risk in FQ3 Ahead of New Product Refresh - Cowen
April 11, 2014 6:28 AM EDTCowen and Company is updating its expectations for Apple (Nasdaq: AAPL) ahead of the company's Q2 results and new product launch cycle.
Analyst Timothy Arcuri sees CQ114 EPS in-line with consensus views, but expects around $1 per share risk for the June quarter on lagging... More
ISI Group Starts Qualcomm (QCOM) at Strong Buy
April 10, 2014 4:44 PM EDTISI Group initiated coverage on Qualcomm (NASDAQ: QCOM) with a Strong Buy rating and a price target of $90.00.
For an analyst ratings summary and ratings history on Qualcomm click here. For more ratings news on Qualcomm click here.
Shares of Qualcomm closed at $79.93 yesterday.
... More