Qualcomm shares dip on report Apple may ditch chipmaker’s product
NEW YORK – Shares in Qualcomm were down about 7 percent premarket following reports that Apple is looking to stop using the company’s components in its new iPhones and iPads.
Such are the perils faced by Apple suppliers. Earlier this year, shares in British firm Imagination Technologies fell by as much as 72% in a single day after investors learned that Apple planned to stop licensing the firm’s technology.
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