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Qualcomm Shifts Focus to Automotive, IoT and AI Server Chips as Apple Deal Winds Down

Projected to lose all Apple modem sales by 2027, Qualcomm plans to ramp new revenue streams to $22 billion by 2030, focusing on automotive, Internet of Things plus AI server chips

An Apple engineer stress tests an iPhone 16e and the new C1 cellular modem at an Apple lab in Sunnyvale, California.
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Overview

  • Qualcomm CEO Cristiano Amon says the company is planning on Apple using its own C1 modem exclusively by 2027.
  • Annual modem revenue from Apple, estimated at $5.7 billion to $5.9 billion, is slated to fall to zero for iPhones debuting in fall 2027.
  • Despite the anticipated decline in handset modems, Qualcomm expects roughly $43.5 billion in total sales for 2025.
  • The chipmaker aims to expand its automotive and Internet of Things segments from $8.3 billion in fiscal 2024 to $22 billion by 2030.
  • In mid-May, Qualcomm announced a renewed push into AI-powered server chips designed to complement Nvidia’s GPUs in data centers.