Qualcomm Lost Apple's Modem Business. Amazon Just Offered a $60 Billion Escape Route.

Qualcomm faces the loss of Apple’s modem business, a meaningful strategic headwind as Apple shifts away from its chips. A surprise Amazon partnership could open a potential $60 billion opportunity, but the outlook depends on unproven Qualcomm silicon competing in markets already dominated by established rivals. The development is strategically important but carries substantial execution and adoption risk.