Apple supplier Qualcomm forecasts first-quarter sales above estimates

Apple supplier Qualcomm forecast first-quarter revenue above Wall Street estimates on Wednesday, as it ramps up chip sales for Apple Inc’s 5G iPhone 12 family.
iPhone 12 models use Qualcomm’s X55 modem
Reuters:Qualcomm, which makes the bulk of profits from its licensing business, said revenue from the unit was $1.51 billion (£1.16 billion), above FactSet estimates of $1.30 billion.
Qualcomm this year returned to being a major supplier for Apple, supplying chips that help the ne