Qualcomm's Downgrade: The Domino Effect of Apple's Internal Modem Technology

Monday, 12 August 2024, 05:44

Qualcomm faces a downgrade as Apple’s internal modem technology is set to finally make an impact. Wolfe Research has cut Qualcomm to Peer Perform, reflecting growing concerns regarding its competitive edge. The shift in tech dynamics points toward significant industry changes impacted by Apple's advancements.
Investing.com
Qualcomm's Downgrade: The Domino Effect of Apple's Internal Modem Technology

Qualcomm's Downgrade and the Internal Modem Shift

Qualcomm (NASDAQ: QCOM) has been downgraded to Peer Perform from Outperform by Wolfe Research. This decision comes as the tech giant Apple (NASDAQ: AAPL) is expected to launch its highly anticipated internal modem technology, which is projected to disrupt Qualcomm's position in the market significantly.

The Impact of Apple's Modem Technology

With Apple pushing forward, the internal modem is anticipated to finally deliver results that could reshape the competitive landscape in the tech industry. Analysts express growing concerns regarding Qualcomm's ability to maintain its market share in the wake of these developments.

  • Wolfe Research removes Qualcomm's price target
  • Focus on Apple's modem's potential influence
  • Shift in investor sentiments towards Qualcomm

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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