Qualcomm Posts 10-year High on iPad (QCOM, AAPL)
March 19, 2012 by Paul Ausick
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.
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