Will 2018 Be Qualcomm Inc's Best Year Yet?
Shares of Qualcomm (NASDAQ: QCOM), the biggest mobile chipmaker in the world, rose just 6% this year -- a paltry gain compared to the Philadelphia Semiconductor Index's rally of nearly 50%. Let's see where things went wrong for Qualcomm, and whether or not it will fare better in 2018.
Qualcomm's licensing (QTL) business takes a cut of the wholesale price of every smartphone sold worldwide, and this high-margin business generates most of its pre-tax earnings. Unfortunately, the QTL business has been targeted by regulators in China, South Korea, Taiwan, the US, and Europe, which all claim that its cut (up to 5%) is too high.
Qualcomm's Snapdragon 835 SoC. Image source: Qualcomm.
Source: Fool.com
Qualcomm Inc. Stock
€165.84
2.300%
The stock is one of the favorites of our community with 45 Buy predictions and 1 Sell predictions.
With a target price of 180 € there is a slightly positive potential of 8.54% for Qualcomm Inc. compared to the current price of 165.84 €.
