Report: Qualcomm sees boost from strong iPhone 12 demand as Apple works on in-house modem

A new report on how the global chip makers stacked up for Q3 suggests that Qualcomm likely has the iPhone 12 to thank for solid growth and taking the number one spot with almost $5 billion in quarterly revenue. That almost a 40% increase from Qualcomm’s 2019 Q3. However, Apple’s work on an in-house modem is a reminder of the looming hit to Qualcomm’s revenue in the future.

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