Qualcomm announced its earnings for the quarter, beating analysts' expectations. While there is a lot of data to sift through, one of the more interesting nuggets of information is that Qualcomm may not be supplying Apple with modems for its next iPhone.
George Davis, who is Qualcomm's chief financial officer, stated on the conference call that:
"We believe Apple intends to solely use our competitors' modems rather than our modems in its next iPhone release. We will continue to provide modems for Apple legacy devices."
Earlier in the year, it was reported that Apple would be relying on Intel for its modems on upcoming iPhones for 2018. Despite Intel supplying modems, for the time being, it will apparently not be supplying 5G modems in iPhones for 2020.
While we are still some months away from the expected announcement of Apple's next iPhones, the firm is expected to launch three iPhones this year, all of which are believed to share a design similar to that of the current iPhone X.
Source: CNBC
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