Qualcomm shares slide as Apple modem shift, tariffs raise growth concerns
Government
Qualcomm shares fell nearly 5 per cent before the bell on Thursday as the looming loss of Apple as its biggest modem customer outweighed its upbeat quarterly forecast. The San Diego-based chip supplier warned investors that Apple's move to depend on in-house modems, starting with the February launch of the iPhone 16e, would hit future chip revenue. Qualcomm has intensified its focus on sectors such as data centers and personal computers. Adding to the pressure, U.S. President Donald Trump's
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