Intel Corp. Announces XMM 7660 LTE Modem

Over the last few years, Intel's (NASDAQ: INTC) cellular modem business (cellular modems are chips inside of smartphones that allow the devices to connect to cellular networks) has seen significant success in the marketplace, with the company's revenue from these chips going from practically nothing to being substantial enough for it to highlight in its quarterly earnings results.

That success is due almost entirely to smartphone giant Apple (NASDAQ: AAPL) choosing to tap Intel as an alternative supplier to Qualcomm (NASDAQ: QCOM) for the modems used in its iPhone 7-series, iPhone 8-series, and iPhone X smartphones.

Image source: Intel.

Source: Fool.com