QCOM · News · 20260917N

Apple Customer Exposure

QUALCOMM INC/DE · 2026-09-17 · Importance 37 · Surprise 42

Third-party reporting expects Qualcomm’s Apple-related revenue to decline as Apple continues shifting toward in-house modem technology. Apple’s modem transition represents a customer-account risk for Qualcomm’s handset business. The report also associates weaker handset demand and product mix with pressure on Qualcomm’s market position.