Market Overview

JP Morgan Weighs In On Apple-Intel Chip Rumor


In a report published Thursday, JP Morgan analyst Rod Hall commented on recent reports that Intel Corporation (NASDAQ: INTC) will provide wireless modem chips Apple Inc.'s (NASDAQ: AAPL) next generation smartphone in 2016.

The 7360 chip will ship inside a special version of the iPhone that will be marketed to Ems in Asia and Latin America, VentureBeat previously reported. The publication added that Intel's 7360 LTE modem chip is reportedly capable of 450mbps of download speed, and supports Category 9/10 LTE and 3X carrier aggregation.

"We believe that Apple spent more than $3.9 billion on iPhone baseband chips in fiscal 2014 with its incumbent chip vendor," Hall wrote. "We note that our own supply chain discussions suggest that the next iPhone could have two baseband suppliers – one of whom would be Intel."

Why Would Apple Switch Chip Suppliers? Read Here To Find Out

Hall also added that the development would have a "negative impact" on Apple's incumbent chip vendor.

Latest Ratings for AAPL

Dec 2019Initiates Coverage OnBuy
Dec 2019MaintainsOverweight
Nov 2019ReiteratesBuy

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: 7360 baseband iPhone JPMorgan LTE Rod HallAnalyst Color Analyst Ratings


Related Articles (AAPL + INTC)

View Comments and Join the Discussion!

Latest Ratings

ADTCredit SuisseMaintains10.0
FTSVCredit SuisseMaintains38.0
WDAYWilliam BlairAssumes
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Citigroup Upgrades NCI Building Systems To Buy

UPDATE: Children's Place Q4 Earnings Top Expectations