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Qualcomm Updates Its Outlook for Losing Apple as a Customer

That Qualcomm won't be getting as much revenue from Apple in the future is no secret to investors, but could guidance waver with new changes?

By Jose Najarro, Nicholas Rossolillo, and Billy Duberstein – Mar 6, 2023 at 9:27AM EST

Qualcomm (QCOM 1.43%) believes that Apple (AAPL +3.26%) will slow down its purchases of mobile modems shortly as it continues to bring more chip design and production in-house. Check out the short video to learn what semiconductor investors Jose Najarro, Nicholas Rossolillo, and Billy Duberstein had to say. Also, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of March 2, 2023. The video was published on March 3, 2023.

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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
TMFJoseNajarro
X@_JoseNajarro

Billy Duberstein has positions in Apple. Jose Najarro has positions in Qualcomm. Nicholas Rossolillo has positions in Apple and Qualcomm. The Motley Fool has positions in and recommends Apple and Qualcomm. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Qualcomm Stock Quote
Qualcomm
NASDAQ: QCOM
$177.01
(-1.43%)-$2.57
Apple Stock Quote
Apple
NASDAQ: AAPL
$280.19
(+3.26%)+$8.84

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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