Investors once believed that Luck Qualcomm Inc.
went up and fell with the Apple Inc iPhone, which uses the key “modem” chip from the San Diego Company to connect to the cellular data network.
But because Qualcomm prepared an investor presentation on Tuesday where he would describe the plan to land his chips in everything from the virtual reality headset to a self-driving car to telecommunications gear, analyst said his own chips, who worked on the chips himself replace Qualcomm, maybe not a problem Many of Qualcomm profits.
“Frankly, income to the point where apple worries might move much smaller,” Bernstein analyst Stacy Ragson wrote in a note.
The change came from a diversified strategy placed in a place many years ago by Cristiano Amon, who runs the company’s chip division before becoming the chief executive this year.
Earlier this month, Qualcomm said expecting an income growth that was adjusted to more than 20% for 2022 fiscal, where Wall Street only expects 12.5% ​​growth, according to Ibes data from refinitiv.
The company’s shares have risen by almost 19% since Qualcomm provides its estimates.
“Whatever beyond our contract with (Apple) is reversed for our model,” Amon said during the income call 3.
“They have a large number of devices.
And if there are opportunities, we will be very happy to engage with them on stock.” Apple business is likely Will not go down at once, analysts said.
EVERCORE CJ MUSE analyst said, “This is a problem when not if,” Apple left.
But Angelo Zino from CFRA Research said Apple is likely to leave the phase, introduce the internal chip for only one or two devices at first.
And in the meantime, Qualcomm has gained a market share between Android phones because Qualcomm customers filled the remaining emptiness from the Huawei exit from the smartphone market.
Brands like Honor China Switch to Chip Company A.S.
for supply.
“China Qualcomm (income) handset grows faster than Apple growing, which helps offset every reduction of apples,” said the founder of Moor Insights & Strategy.