Overview
- Qualcomm told Reuters on Wednesday that supply constraints will reduce its share of components in the next iPhone to well below its earlier 20 percent estimate and that Apple‑related chip revenue will fall faster starting in the fourth quarter.
- CEO Cristiano Amon said Qualcomm plans to replace lost handset sales with growth in data‑center chips and expects the data‑center business to generate about $5 billion in revenue in fiscal 2027.
- Qualcomm reported weaker profit guidance in its latest quarterly report and said it will raise product prices beginning September 1 to pass through higher component and supply‑chain costs.
- Apple has already used its in‑house C‑series modems in select devices and industry reports say Apple could expand C‑series use in the upcoming iPhone 18 lineup, though broader adoption will be confirmed only at Apple’s September announcement.
- A long‑term patent‑licensing agreement between Apple and Qualcomm remains in force through March 2027, preserving royalty payments even as chip supply relationships change and Qualcomm shifts its business mix.