News Summary

• Qualcomm CEO Cristiano Amon chalked up the loss to supply constraints.
• Apple developed its own modem chips, which have been used in the iPhone 16e, iPhone 17e, and iPhone Air.
• Rumors suggest Apple could transition to using more of its own chips starting with the iPhone 18 lineup..
• Qualcomm is raising its prices starting September 1 to improve its margin because of increasing costs across the supply chain.
• In fiscal 2027, Qualcomm is expecting most of its chip sales to come from categories other than smartphones.