Qualcomm: Global 5G Unlocked
Qualcomm is well positioned for the global launch of 5G.
The wireless giant already has 20-plus license deals and expects to generate more revenue from additional RF front-end content.
The delayed launch of the Apple 5G iPhone plays to the advantage of Qualcomm.
The company remains on track for $7-plus EPS prior to 5G related growth.
The most important note from the Snapdragon Tech Summit last week is that 5G is a global rollout utilizing Qualcomm (QCOM) technology. A lot of the domestic wireless network providers are racing to become the first 5G providers, but anybody just focusing on the domestic market is missing the huge global market converging on 5G while other countries were far behind on 4G.
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