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Apple supplier optimistic on iPhone 8 demand; Intel replacing Qualcomm modems?

Feb. 05, 2018 10:19 AM ETApple Inc. (AAPL) StockAAPL, INTC, QCOM, PGTRFBy: Brandy Betz, SA News Editor44 Comments
  • Apple (NASDAQ:AAPL) supplier Pegatron (OTC:PGTRF) is optimistic about high-end phone demand in 2018.
  • Pegatron CEO S.J. Liao recognizes that the overall smartphone market is slowing but doesn’t think his company will be affected. 
  • Pegatron makes the iPhone 8 while Foxconn / Hon Hai makes the iPhone X, the premium model rumored to have weaker-than-expected sales. 
  • Pegatron could receive more orders from Apple this year and could become the main supplier for the new 6.1-inch LCD iPhone KGI predicts will join two OLED models for a fall release.    
  • Speaking of KGI, analyst Ming-Chi Kuo also predicts that the next iteration of the iPhone will have Intel (NASDAQ:INTC) as the only cellular modem supplier, which would eliminate Qualcomm (NASDAQ:QCOM) from the supply chain. 
  • Apple could still send some orders over to Qualcomm as a negotiating tactic as the two companies remain in a bitter legal battle. 
  • Apple shares are up 1.8%. 
  • Intel shares are up 1.7%
  • Qualcomm shares are down 1.5%.    
  • Previously: Broadcom confirms $82 per share offer for Qualcomm (Feb. 5)

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