Will QCOM Stock Be Hit if Apple iPhones Ditch Qualcomm Modems?

Per a Bloomberg report, Qualcomm Incorporated’s (QCOM) modems are likely to be replaced in the upcoming iPhone models as Apple Inc. (AAPL) is in the final stages of developing an in-house modem. Although representatives of both companies have declined to comment on the grapevines, the buzz has cast a shadow on Qualcomm’s future revenue-generating opportunities.A modem functions as an integral part of smartphones and laptops, enabling seamless Internet connectivity within the devices. Qualcomm modems have be ...