Apple, Inc. Wants to Ditch Qualcomm Modems, Qualcomm Shares Fall
Apple (NASDAQ: AAPL) is now contemplating ditching Qualcomm (NASDAQ: QCOM) modems altogether for the 2018 iPhone lineup, according to a pair of reports from Reuters and The Wall Street Journal. That doesn't come as much of a surprise considering how contentious the escalating legal battle between the two companies has become. At issue is certain software that Apple uses to test components, which Qualcomm has reportedly stopped providing to Apple.
That would suggest an aggressive shift toward Intel (NASDAQ: INTC) models, and Apple might even tap less prominent suppliers like MediaTek for its modem needs. Nothing has been finalized at this early stage, but it appears that Apple is giving the notion some serious consideration. Qualcomm shares are down 7% as of this writing.
iPhone X. Image source: Apple.
Source: Fool.com
Apple Inc. Stock
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