Good News for Apple Inc.'s Upcoming iPhones

Beginning with the iPhone 7 generation, Apple (NASDAQ: AAPL) has decided to dual-source cellular modems from two vendors, rather than rely on a single vendor for the supply of this crucial component.

Those two vendors are Qualcomm (NASDAQ: QCOM), which is generally regarded as the market leader in wireless chips, and Intel (NASDAQ: INTC), which infamously failed to become a major player in the broader mobile processor market.

Image source: Intel.

Source: Fool.com