RESOLVING THE LEDGER
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See the full story · 1 sourcesGo to the 9to5Mac home page Switch site 9to5Toys 9to5Google Logo 9to5Google Electrek Drone DJ Logo DroneDJ Space Explored About Privacy Toggle social menu Toggle dark mode Search for: Submit Toggle search form Forums Store Podcasts Apple@Work Happy Hour 9to5Mac Daily Overtime iPhone iPhone Mac Mac MacBook Pro MacBook Air iMac Mac mini Mac Studio Mac Pro iPad iPad Pro iPad Air iPad mini iPad iPadOS Watch Apple Watch Apple Watch Ultra Apple Health Apple Watch SE Vision Vision Pro visionOS Music and TV Apple Music AirPods HomePod Apple TV Guides Reviews How Tos AAPL Apple Store Apple Arcade Apple Card Apple Silicon Apple One Apple Fitness+ CarPlay Siri HomeKit Toggle dark mode AAPL Company Qualcomm Qualcomm says supply constraints are shrinking its Apple business faster than expected Marcus Mendes | Jul 29 2026 - 3:30 pm PT 0 Comments After Qualcomm released its quarterly report and projected weaker-than-expected profit for the current quarter, the company’s CEO told Reuters that supply constraints would cause its revenue from Apple products to decline faster than expected. Here are the details.
Over the past few years, Apple has been moving forward with plans to replace Qualcomm-made modems with its own components , building on its 2019 acquisition of Intel’s smartphone modem business.
Qualcomm, for its part, has repeatedly sought to reassure investors that it was prepared for the loss of Apple business. Now, CEO Cristiano Amon warns that this decline will accelerate, partly because the ongoing supply constraints will leave his company with an even smaller share than expected.
In an interview with Reuters , Amon said Qualcomm “expects revenue from Apple products to decline more quickly starting in the fourth quarter as supply constraints reduce its share of components used in the next iPhone launch to well below its earlier estimate of 20%.”
He added that Qualcomm has been responding to the loss of Apple business by diversifying beyond smartphones, and expects its data center division to generate $5 billion in revenue by fiscal 2027:
"We kind of replaced Apple with the data center," Amon said.
It is worth noting that Qualcomm’s relationship with Apple goes beyond supplying modem components. The company also earns patent-licensing royalties from Apple, which are separate from chip sales and should continue (for the time being) even as Apple moves to its own modem technology.
In 2019, the two companies settled their long-running legal dispute and signed a six-year licensing agreement. Apple later exercised an option to extend the deal by two years, meaning it now remains in effect through March 2027.
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Marcus Mendes is a Brazilian tech podcaster and journalist who has been closely following Apple since the mid-2000s.
He began covering Apple news in Brazilian media in 2012 and later broadened his focus to the wider tech industry, hosting a daily podcast for seven years.
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