Qualcomm’s Licensing Business Has an Apple Problem, Analysts Say | Global News Avenue

Qualcomm(QCOMAnalysts raised concerns about the company’s relationship with Apple, the leading smartphone maker (Analysts raised concerns (AAPL) and Huawei after First quarter fiscal results.

Chipmakers license their patented technology to some of the world’s largest tech companies, including Apple. However, Apple will move some of its iPhone portfolio to House later this year, which has concerns investors. Analysts added that a deal with Chinese smartphone giant Huawei “also helps limit upside potential.”

While overall sales reached record highs and beat street estimates, first-quarter licensing revenue was no expectations, which sent Qualcomm’s stock down nearly 4% to $169.32. JPMorgan said that “the focus on factors beyond Qualcomm’s control overwhelms the market’s response”, reducing its target from $200 to $195, but maintaining an “overweight” rating.

Citi analyst says smartphone Upgrade cycleGiven the lack of “killer apps,” this will put consumers into the spring of new devices, which will benefit Qualcomm for at least a year. Analysts reiterated their “neutral” rating and $185 target.

Meanwhile, Bank of America retains the $245 target with the $245 price target based on “Qualcomm’s ability to lead smartphone technology and diversify its portfolio.” ” The bank noted that in the first quarter, Qualcomm’s share with Apple rival Samsung grew, powering its Galaxy S25 devices.

Despite the loss on Thursday, Qualcomm shares have risen more than 14% over the past 12 months.