As detailed by Reuters, today Qualcomm reported its Q4 earnings, provided an outline and expectations for Q1 of 2020, and gave us an insight into its relationship with Apple.
Outlined by Reuters, Qualcomm is expecting between $1.3 and $1.5 billion in revenue for the first quarter of 2020, slightly passing market predictions of $1.23 billion.
Qualcomm and Apple have had a turbulent relationship, with this year’s line up of devices using Intel modems instead of Qualcomm as both, Apple and Qualcomm reached an agreement in relation to a patent earlier this year.
When asked on the push to 5G, Qualcomm’s chief executive Steve Mollenkopf said this to Reuters:
“We’re continuing to see strength in the licensing business, particularly after we’ve added in the deal we signed this year with Apple, and we’re on the front end of the 5G transition, which will impact our product business,”
“We’re closer to that and we’re really seeing the signs that we should be confident.”
While Qualcomm doesn’t state by name the arrival of a 5G iPhone, the agreement reached earlier this year, and continued reporting from Ming-Chi Kuo suggests we should see it in September of 2020.
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