Analysts revamp Qualcomm stock price targets after earnings
Here’s what could be next for Qualcomm stock.
If you own a smartphone, chances are Qualcomm (QCOM) has a hand in it.
The company’s Snapdragon processors and modem chips power millions of smartphones, from Samsung (SSNLF) and Google (GOOGL) to Xiaomi.
Even Apple (AAPL) , which is developing its own modem chips to replace Qualcomm components, still relies on Qualcomm’s technology for the iPhone.
But Apple and Qualcomm haven’t always been on good terms. In 2017, Apple sued Qualcomm, accusing it of charging excessive royalties and abusing its dominant position in the smartphone industry. Qualcomm fired back, claiming Apple stole trade secrets to help its modem supplier, Intel (INTC) .
