Qualcomm Continues to Supply 5G Modems for Apple’s Smartphones through 2026: Market Reactions and Stock Surge

Latest Reactions on Qualcomm’s Continued Supply of 5G Modems for Apple

Market Movers has gathered the opinions of investors and analysts regarding Qualcomm’s recent announcement. The chipmaker revealed that it will continue to provide 5G modems for Apple’s smartphones until 2026. This update surprised Wall Street analysts and Qualcomm officials, who previously anticipated Apple to develop and utilize its own 5G modem by 2024. The highly anticipated launch of new iPhones by Apple, expected to take place on Tuesday, is predicted to feature Qualcomm modems. As a result of this news, Qualcomm’s stock experienced a 3.9% increase on Monday.

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