New Intel chip could squeeze Qualcomm out of new iPhones - Susquehanna

• via Notable Calls
• Intel's new CDMA chip significantly increases the odds it will win the sole modem slot in upcoming iPhones, says Susquehanna - a potential blow to Qualcomm (NASDAQ:QCOM), says the team, which estimates the company currently supplies 50-70% of iPhone 7 modems.
• It could result in a $1B-$1.4B revenue hit.
• QCOM -0.25% premarket