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Qualcomm says supply constraints are shrinking its Apple business
Qualcomm is facing accelerated revenue declines from its Apple business due to ongoing supply constraints, with expected shares from components in the upcoming iPhone dropping below 20%. CEO Cristiano Amon emphasized the company's efforts to mitigate losses by diversifying into data centers, anticipating a revenue boost from that sector by fiscal 2027. Additionally, Qualcomm's licensing agreements with Apple provide an ongoing revenue stream separate from chip sales.
MonitorConfidence: HighShort term horizonSupply chain risk: High
Published 30 Jul 2026, 00:30 UTC1 min read
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Summary
TL;DR
- Qualcomm predicts a faster decline in revenue from Apple products.
- Supply constraints are exacerbating Qualcomm's situation.
- Apple aims to transition to its own modem technology.
- Qualcomm is diversifying efforts beyond the smartphone market.
- Licensing agreements with Apple continue to provide stability.
Interesting facts
- Qualcomm's share of components for the next iPhone is now expected to be significantly below prior estimates.
- Qualcomm's strategic pivot includes a focus on the data center sector to offset losses from Apple.