Apple To Give Qualcomm Holiday Boost, But Trouble Looms Next Quarter

Qualcomm Inc. (NASDAQ:QCOM) could deliver a better-than-expected December quarter thanks to Apple Inc. (NASDAQ:AAPL) strength, yet a softer smartphone market and higher operating costs may quickly dim the outlook.JPMorgan Securities has reduced its price forecast for Qualcomm to $195 from $210 while keeping an Overweight rating on the stock, according to a research note released Monday.The firm’s analysts, led by Samik Chatterjee, cited concerns about smartphone industry dynamics impacting the company’s lic ...