It Ain’t Easy Doing What QUALCOMM, Inc. (QCOM) Does

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HTC’s new flagship One smartphone that was just unveiled carries a Snapdragon 600, and the Taiwanese OEM is hoping that the device will eat into Samsung’s sales. Putting a Snapdragon 600 or 800 in the Galaxy S IV would ensure that Samsung’s new flagship is competitive. It’s either that or risk shipping a device with terrible battery life or delaying launch by a couple months, possibly putting it directly up against an iPhone launch this summer.

The analyst is reiterating his rating on Qualcomm at “overweight” along with a hefty $83 price target, in part due to his believe that Qualcomm will earn more of the Galaxy S IV business.

The article It Ain’t Easy Doing What Qualcomm Does originally appeared on Fool.com and is written by Evan Niu, CFA.

Fool contributor Evan Niu, CFA, owns shares of Apple and Qualcomm. The Motley Fool recommends Apple and NVIDIA. The Motley Fool owns shares of Apple and Qualcomm.

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