Almost a year after it was reported Apple could drop Qualcomm modems in future products, Qualcomm has finally acknowledged the rumor and is gearing up for the loss.
On a call with investors following a solid earnings beat, Qualcomm CFO George Davis said the company fully expects Apple to dump Qualcomm in favor of "competitors' modems" for its next product launch.
"We believe Apple intends to solely use our competitors’ modems, rather than our modems in its next iPhone release," Davis said. "We will continue to provide modems for Apple legacy devices."
The competitors almost certainly include Intel.
Qualcomm has for several years supplied Apple's modems, but Intel has provided upwards of half of Apple's chips for iPhones in recent years, amid licensing disputes between Apple and Qualcomm. In October 2017, Reuters reported Apple was designing iPhones and iPads without Qualcomm chips, and that the change could hit products released in fall of 2018.