Qualcomm still believes that Apple will one day develop its own in-house 5G modem. Qualcomm shared its Q1 2024 earnings report which revealed $9.92 billion.
Qualcomm shared its Q1 2024 earnings report which revealed $9.92 billion in revenues and $2.77 billion in net income, both of which surpassed earlier estimates. During the earnings call, Qualcomm CEO Cristiano Amon revealed another interesting fact — Apple and Qualcomm have extended their 5G modem licensing deal through March 2027.