iPhone 12 Demand Helps Boost Qualcomm's 5G Modem Revenue, But Apple Working on Own 'High-End' Modem

The popularity of iPhone 12 models has led to soaring demand for Qualcomm's 5G modems and RF chips, helping to propel the chipmaker's revenues past that of rival Broadcom in the third quarter of 2020, according to Taiwanese research firm TrendForce.
Qualcomm reported $4.9 billion revenue in the third quarter, a 37.6% increase over the year-ago quarter, compared to $4.6 billion for Broadcom. TrendForce said Qualcomm's "remarkable performance" is partly attributed to re-entering Apple's supply cha