This Analyst Confirms Apple To Use Qualcomm Chips In Next Gen iPhones And More

TF International Securities analyst Ming-Chi Kuo tweeted that Apple Inc AAPL will retain Qualcomm Inc's QCOM chips in next-generation iPhones after Apple possibly faced issues with its chips.
Her latest survey indicates that Apple's iPhone 5G modem chip development may have failed.
Therefore, Qualcomm will remain the exclusive supplier for 5G chips of 2H23 new iPhones, with a 100% supply share, up from the previous estimate of 20%.
Also Read: Piper Sandler Lists Reasons Behind Its Optimistic View On Qualcomm
She expected Qualcomm's revenue and EPS in 2H23-1H24 to beat market consensus due to its sole supplier position for 5G chips of 2H23 new iPhones as Qualcomm remains irreplaceable.
She believes Apple will continue to develop its own 5G chips.
However, by the time Apple replaces Qualcomm, Qualcomm's other new businesses should have grown enough to significantly offset the negative impacts caused by the order loss of iPhone 5G chips.
The Supreme Court recently overruled Apple's bid to revive its patent dispute with Qualcomm.
Price Action: QCOM shares traded higher by 3.55% at $131.69 on the last check Tuesday.

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