Qualcomm Expects Apple Modem Revenue to Drop Faster Than Expected

Qualcomm expects its Apple revenue to decline faster than it previously anticipated, Qualcomm CEO Cristiano Amon told Reuters in an interview following the company's earnings call for the third fiscal quarter of 2026.Amon chalked up the loss to supply constraints, which will reduce the share of Qualcomm components used in the next iPhone launch well below its earlier 20 percent estimate. Qualcomm expects the drop in Apple revenue to start in the fourth quarter.Qualcomm is raising its prices star