This Mobile Chipmaker Is Cutting Prices
The market for mobile applications processors is a tough one, characterized by intense competition and, as a result, low gross profit margins.
Qualcomm (NASDAQ: QCOM), which builds the Snapdragon family of applications processors and stand-alone modems, is the leading merchant smartphone applications processor vendor. Taiwan-based MediaTek is the second largest.
According to a recent report from DigiTimes, Qualcomm is pricing its Snapdragon 450 platform aggressively, which has put MediaTek "under pressure" to respond with price cuts for its competing Helio P23 chips.
Source: Fool.com
Qualcomm Inc. Stock
€158.50
3.210%
The stock is one of the favorites of our community with 47 Buy predictions and 2 Sell predictions.
With a target price of 178 € there is a slightly positive potential of 12.3% for Qualcomm Inc. compared to the current price of 158.5 €.
