Wolfe Research: Apple's related business may bring unfavorable factors, downgrading Qualcomm's rating
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Wolfe Research downgraded Qualcomm's rating mainly due to concerns about its business relationship with Apple. The analysts at the firm stated that any revenue loss related to Apple is a negative factor. In addition, Qualcomm's growth in the Internet of Things (IoT) business is also not convincing to investors. However, Wall Street analysts generally have a positive outlook on Qualcomm
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