An Apple Earnings Beat Could Fuel Another Big Run For The Stock

Stocks continue to chop around as we head toward a lineup of huge events in the coming weeks. First, we have third quarter earnings reports underway. Remember, last quarter companies reported into lowered expectations. And they beat at about the same rate they historically beat–about 70% of the time. But conveniently, they accompanied those better earnings with downgrades on the third quarter outlook.

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Qualcomm Brings Us One Step Closer To Gigabit LTE Speed Products

Qualcomm announced today at their 4G/5G Summit in Hong Kong specific products their 1 Gigabit Snapdragon X16 LTE modem will ship inside of. In February, the company announced, and we wrote here,  that they had achieved speeds of up to 1 Gbps using this newly-announced Snapdragon X16 modem. Many questioned when we would see real products using a modem of such capabilities, but the doubters now have an answer. At their 4G/5G Global Summit in Hong Kong which Moor Insights & Strategy associate analyst Anshel Sag is attending, Qualcomm announced two major product developments using the Gigabit-class LTE modem known as the Snapdragon X16 LTE modem. Both announcements involve actual product announcements that utilize the X16 LTE modem and bring us into the “LTE Advanced Pro” era.

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