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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: waitwatchwander who wrote (195013)	7/31/2025 4:24:26 PM
From: waitwatchwander	Read Replies (1) \| Respond to of 196781

Just heard a TD Cowen analyst on BNN Bloomberg state that Qualcomm will lose 30% of Apple over the next year, 80% in the year after and be completely out of Apple handsets within 3 years. That's a bit faster than I believe most were expecting because I thought Qualcomm had stated 2029 as the base for their current diversification efforts (ie Auto, ADAS, PC, XR) to stabilize. You might be able to find video of this note here in a little while ... bnnbloomberg.ca It can take a while for such video to show up online.

To: waitwatchwander who wrote (195013)	7/31/2025 4:58:43 PM
From: Art Bechhoefer	2 Recommendations Recommended By Doug M. lml Read Replies (1) \| Respond to of 196781

www -- Yes, Qualcomm provides zero guidance on chipset sales to Apple for this current fiscal year and future years. That doesn't mean Qualcomm gets no revenue from Apple, it just means Qualcomm is not counting on any modem sales to Apple. And yes, it's likely that Qualcomm will lose some chipset sales to Samsung, as in the new Galaxy Flip7, which replaces the Snapdragon in Flip6 with an Exynos chip. But it's also likely that Qualcomm will have increased chip sales to companies like Xiaomi, which uses Qualcomm chips in all its higher end phones. Remember that the sheer size of Qualcomm's Snapdragon reference design market gives Qualcomm a pricing edge as long as tariffs don't interfere too much. Art