Apple Stock ( NASDAQ:AAPL )
As part of its efforts to reduce its reliance on suppliers and technology partners such as Broadcom ( NASDAQ:AVGO ), Qualcomm ( NASDAQ:QCOM ), Samsung, and LG, Apple ( NASDAQ:AAPL ) is planning to put more of its own homemade components in its devices. This is part of Apple’s efforts to put more of its own homemade components in its devices. Apple stock has already gained 6% so far this year.
The most recent story from Bloomberg indicates that the company plans to utilize its own custom displays in its mobile devices as early as 2024, replacing those that Samsung and LG now supply. By the end of the next year, it is anticipated that the business will replace the display that is included in its high-end Apple Watch with a display that was designed in-house.
The company making the iPhone has other plans to cut ties with Broadcom, including developing a significant processor in-house by 2025. It is anticipated that Apple will have its in-house cellular modem chips ready by the end of 2024 or the beginning of 2025. These chips would eventually replace Qualcomm modem chips found in Apple’s various devices.
Apple has replaced Intel (NASDAQ:INTC) CPUs in its MacBooks with its own Apple Silicon to move away from using Intel’s products. The most recent turn of events is not a good sign for Broadcom and Qualcomm, especially considering that Apple is one of the companies’ primary sources of income.
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