ChainCatcher reports that Qualcomm has announced a double-digit price increase for its chips, effective for shipments made on or after September 1. Qualcomm informed customers in July that it could no longer absorb rising supplier costs. In an interview with Reuters, Qualcomm CEO Cristiano Amon stated that the price hike simply reflects the significant cost increases the company is facing. Apple continues to source modem chips from Qualcomm for the iPhone 17 lineup while transitioning to in-house modem development. Qualcomm expects revenue from Apple to decline faster than previously anticipated, dropping by approximately 50% from the September quarter to the December quarter, as supply constraints will reduce the share of Qualcomm components in the iPhone 18 series. Qualcomm also supplies mobile chips to manufacturers such as Samsung, and the price increase applies across its product line, with individual negotiations conducted with customers.
Qualcomm Announces Double-Digit Chip Price Increase Effective September 1
ChaincatcherShare
Summary
Qualcomm announced a double-digit price increase for its chips, effective September 1, impacting shipments after that date. The company informed clients in July that it could no longer absorb rising supplier costs. CEO Cristiano Amon stated that the move reflects significant cost increases. Apple is sourcing modem chips for the iPhone 17 but plans to transition to in-house modems. Qualcomm expects Apple’s revenue to decline by 50% by December due to reduced component share in the iPhone 18. The price increase applies across the product line and has been negotiated with clients such as Samsung. Investors tracking altcoins to watch may also monitor how this development influences crypto price movements.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.