Analyst says that Intel might produce 30% of all iPhone 7 modems.
Investors are already getting into position to find companies that benefit the most from the iPhone 7. Credit Suisse analyst Kulbinder Garcha said this morning according to Barron's that Intel is supposed to produce as much as 30% of all iPhone 7 modems. This will eat into Qualcomm's revenue from the iPhone 7, which is the only provider of the iPhone 6S LTE module.
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Rumors about Intel cutting into Qualcomm's deal with Apple are around since last fall. Garcha says that based on Credit Suisse's research Intel is indeed a new supplier for the baseband modem chips in the iPhone 7.
What this means for iPhone 7 users is not clear. Apple is likely using LTE modem chips from Intel and Qualcomm in different markets around the world.
The Intel XXM 7360 LTE modem chip is actually made in Germany, Munich, in the former Infineon plant. Intel acquired Infineon back in 2011. Infineon was actually the modem supplier for the iPhone before Intel bought the chip maker. So basically Apple is just returning to a former supplier.
The Intel XXM 7360 model chip supports LTE Advanced, LTE Broadcast, LTE/Wi-fi interworking, enhanced voice over LTE and envelope tracking for power savings.
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Find out everything we know about the iPhone 7. Apple is expected to unveil the iPhone 7, iPhone 7 Plus and potentially an iPhone 7 Pro in September.