The Street: Apple's new Verizon iPhone will have Qualcomm Inside

[Unspeaked]

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Exclusive: Qualcomm to Power Apple iPhone

By Scott Moritz

SAN DIEGO -- Apparently it's bakeoff season in tech, and the latest blue ribbon goes to Qualcomm.

Apple has chosen Qualcomm as its chip supplier for the new version of the iPhone headed to Verizon this summer, according to Northeast Securities analyst Ashok Kumar. Kumar confirmed the decision with the manufacturers and suppliers involved with the phone.

The win is the second high-profile victory for the San Diego tech shop this week. On Tuesday, Google announced that its Nexus One phone -- made by HTC -- will be powered by Qualcomm's Snapdragon chip.

"It's looking like Qualcomm is beginning to be the one to beat," says Kumar, referring to the company's rising status in the smartphone race.

Apple and Qualcomm representatives were not immediately available for comment.

The iPhone win, while huge for Qualcomm, doesn't involve its Snapdragon platform, but a 3G wireless technology chip for EV-DO, says Kumar.

Initially, Apple sought a chip that would allow it to sell a world phone, one that was compatible with the two leading wireless technologies -- GSM and CDMA.

But Qualcomm and others failed to deliver. Instead, Apple elected to go with Qualcomm in its Verizon iPhone, which is expected to arrive soon after AT&T's exclusive contract with Apple expires in June.

The loser in this deal is Germany's Infineon, the chip supplier to the AT&T iPhone.

Qualcomm shares are up 3% so far this year, continuing what was a 25% gain for 2009.

 

[Tilpots]

This article makes everything sound like a fact, but the two main companies, Apple and Qualcomm had no comment. Love for it to be true, but I'll believe it when they give some real tangible facts.

 

[aristobrat]

google pretty much sums up the author, IMO.

 

[Unspeaked]

This article makes everything sound like a fact, but the two main companies, Apple and Qualcomm had no comment. Love for it to be true, but I'll believe it when they give some real tangible facts.

That's the part of the article I found most interesting: how matter-of-fact it referred to the Verizon iPhone.

It also seems that according to this report, there would be more than one model of the iPhone in the US - at the very least, a version for Verizon and one for AT&T (possible one for T-Mobile, as well?).

 

[kdarling]

Initially, Apple sought a chip that would allow it to sell a world phone, one that was compatible with the two leading wireless technologies -- GSM and CDMA.

Huh. I wonder what RIM, HTC and Samsung use in their Verizon world phones that have both CDMA and GSM.

 

[chstr]

sounds like the author has qualcomm stock. he will probably drop it right before this rumor is proven false

 

[ftaok]

google pretty much sums up the author, IMO.

I was about to post something on Moritz's credibility, but you beat me to it. Personally, I think most of the tech "analysts" on thestreet.com are driving their own agendas. Moritz and Tero are the two least credible in my opinion.

Just my opinion.