Business · 30 July 2026
Qualcomm shares drop 5% after losing out on space inside the next iPhone
The US chipmaker is battling expensive supply chain bottlenecks created by the massive global rush to build artificial intelligence data centres. On Wednesday, the firm predicted a maximum profit of $2.25 per share for the current quarter, which falls short of analyst expectations. It also confirmed its share of connection hardware inside the next iPhones will be much lower than the 20% originally expected.
Reported by Reuters · How we write briefs