According to ABI Research, leading chipset maker Qualcomm remained a leader in the LTE baseband chipsets in 2015. The company held a massive 65% of the LTE baseband chipset market in the year. LTE (Long Term Evolution), commonly marketed as 4G LTE, is one of the latest standards for wireless communication of high speed data for mobile phones and data terminals. The market for LTE is expected to grow at a CAGR of 78.6% through 2019, and Qualcomm will be a clear beneficiary of this trend as it has been successful in retaining its position in the LTE baseband chipset market. However, it must be noted that the company is being challenged by some of its own customers in the LTE market. A number have increased their focus on building an in-house SoC (System-On-Chip) to differentiate themselves in the increasing competition.
Our price estimate of $60 for Qualcomm is around 18% above the current market price.
See our complete analysis for Qualcomm stock here
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