More Evidence That Apple Inc. Is Building Its Own Cellular Modem
Today, Apple (NASDAQ: AAPL) relies on third parties to supply it with cellular modems for its popular iPhone line of smartphones -- wireless giant Qualcomm (NASDAQ: QCOM) and microprocessor giant Intel (NASDAQ: INTC).
Apple is also the only major smartphone manufacturer left that uses standalone modems. Other smartphone vendors use either integrated applications processor and baseband solutions from third parties (e.g., Qualcomm) or make their own integrated parts (e.g., Samsung (NASDAQOTH: SSNLF) and Huawei).
Image source: Apple.
Source: Fool.com
Apple Inc. Stock
€205.65
1.710%
Currently there is a rather positive sentiment for Apple Inc. with 105 Buy predictions and 9 Sell predictions.
With a target price of 209 € there is a slightly positive potential of 1.63% for Apple Inc. compared to the current price of 205.65 €.
