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Qualcomm Posts 10-year High on iPad (QCOM, AAPL)

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By Paul Ausick Published

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Chip maker Qualcomm Inc. (NASDAQ: QCOM) posted a new 52-week (and more-than-10-year) high today of $67.00/share. The last time the stock was anywhere near that was early April of 2001.

The company’s shares are up following weekend teardowns of the new iPad from Apple Inc. (NASDAQ: AAPL). The baseband LTE processor for the new iPad. Each chip accounts for $41.50 of the iPad’s cost, and Qualcomm makes every one of them. Another big winner is Samsung, which supplies the main processor

This story at IHS iSuppli gives the cost breakdown of the components of the new iPad.

Qualcomm’s stock is now trading at $66.84, in a new 52-week range of $45.98-$67.00.

Contact [email protected] for any questions or corrections.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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