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Apple licence renewal offers Qualcomm a cushion amid iPhone chip decline
Original: Apple licence renewal offers cushion as Qualcomm faces iPhone chip revenue decline
Qualcomm faces a decline in chip revenue from the iPhone, but the renewal of its licence agreement with Apple provides a financial cushion. The renewed deal helps offset the company's shrinking modem chip business as Apple moves toward producing more components in-house, softening the blow for the US chipmaker.
Why now: Investors and analysts are focused on Qualcomm's revenue outlook as its Apple business shrinks and its licence payments remain a key earnings buffer.
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