![]() But the Qualcomm deal shows that Apple is having trouble putting the plan into action. Apple has been planning to develop its own chips for years, even acquiring Intel’s smartphone chip segment in 2019. Qualcomm shares jumped on the news, rising nearly 4% in mid-day Wall Street trading. The statement from Qualcomm says that the agreement will last through the 2026 smartphone cycle. ![]() (QCOM) that extends out-of-house chip manufacturing for Apple products. While it is likely to have a minimal impact on sales, it signals a dark path for the company in the world’s second-largest economy, with future and more restrictive actions probably on the horizon.įurther complicating matters is an agreement Apple made with Qualcomm Inc. Buying opportunity or warning?Īpple stock has had a rough few weeks, plagued by a potential move out of Beijing to ban the use of iPhones by government and government-backed companies. As has been the case in previous years, the event will be watched by millions and can have a notable impact on the stock price. The event, code named Wonderlust, will be a prerecorded video streamed on Apple’s website and YouTube and is expected to last around 90 minutes. The company is likely to highlight the anticipated iPhone 15, along with other hardware releases. Eastern Time from its Cupertino, California, headquarters. The Apple (AAPL) annual September event will kick off on Tuesday at 1:00 p.m. ![]()
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