Apple stock falls nearly 2.5%, reversing course from early gains
Apple’s new iPhone speeds could lag due to modem supply
BUZ INVESTORS Apple stock falls nearly 2.5% Apple’s (NASDAQ:(AAPL) new iPhones might lag behind the competition in data speed, according to Bloomberg sources. The reason stems from the fact that only one modem manufacturer will have a high-speed product available in time for the phones.
Apple has previously included two modem manufacturers within the same phone model launch in part to avoid reliance on one manufacturer. Qualcomm (NASDAQ:(QCOM) is currently the only company with a 1-gigabyte modem at the ready.
Apple stock falls nearly 2.5%
Intel is working on a modem capable of 1-gigabyte download speeds to rival Qualcomm’s, but product production won’t complete in time to make it into the new iPhones.
The major wireless networks have all boasted about 1-gigabyte speeds and competing smartphones with the Qualcomm modem, such as Samsung’s Galaxy S8, can brag about the speed while marketing competing phones against Apple’s.
Apple’s decision could also come from the lengthy legal battles with Qualcomm over royalty payments.
|Industry:||Computer Hardware » Consumer Electronics NAICS: 334220 SIC: 3571|
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Apple Inc designs, manufactures, & markets mobile communication & media devices, personal computers, & portable digital music players, & sells a variety of related software, services, accessories, networking solutions, & third-party digital content.
Apple designs consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Watch) and TV boxes (Apple TV), as well as a variety of services like Apple Music, iCloud, and Apple Pay. Apple’s products run internally developed software, and we believe this integration of hardware, software, and services often allows the firm to maintain premium pricing for its devices. Apple’s products are distributed online as well as through company-owned stores and third-party retailers.
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