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

Photo of Paul Ausick
By Paul Ausick Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

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.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618