Apple’s New iPhone Launch Bodes Well for Qualcomm; Top Analyst Says ‘Buy’

Apple’s hotly anticipated iPhone 12 launch hogged Tuesday’s technology headlines, but for Canaccord analyst Michael Walkley, the launch acts as confirmation of the bull thesis for chipmaker Qualcomm (QCOM).With all four new models boasting 5G capabilities, it is Qualcomm, Walkley says, that stands to benefit from the new “long-term 5G investment cycle.”“We anticipate strong earnings in F2021 and beyond as 5G smartphones ramp, the mix of 5G growth benefitting Qualcomm with 50% greater content than a 4G smartphone, Apple re-enters the model for QCT shipments, and Huawei returns to the model for licensing payments,” the 5-star analyst said.Qualcomm has already …read more

Source:: Yahoo Finance


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