Qualcomm Baseband Share to Plunge in Next iPhone, Says Rosenblatt

Tech Trader Daily
By Tiernan RayApr 20, 2017, 2:05 pm96 pts
Analyst Jun Zhang of boutique research house Rosenblatt Securities today cut his rating on shares of wireless chip giant Qualcomm (QCOM), to Neutral from Buy, following its fiscal Q2 results yesterday, warning that the company’s market share of baseband modems in the next iPhone "will be down to 35%…

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