Qualcomm Expects Faster Decline in Apple Revenue
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Insights by Echo AI
Qualcomm CEO Cristiano Amon revealed that the company expects its revenue from Apple to decline faster than previously anticipated due to supply constraints. The share of Qualcomm components used in the next iPhone launch will fall well below its earlier 20% estimate. Qualcomm is also looking to replace this revenue by expanding into data centers and other non-smartphone markets.
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