If that report is true, Qualcomm's iPhone-related revenue is set to decline substantially during the coming product cycle, as only legacy iPhone models (which don't tend to be Apple's best-selling models in any product cycle) will have Qualcomm components.
Bloomberg recently revealed new information about iOS 12 and about which we should expect from the updates. With this roadmap of Apple, the company aims to be in deep pockets this year as well.
Unit growth in Apple's older iPhone models after the new models arrive could help soften the blow, too.
All the three iPhone variants are expected to include the "Face ID" feature and will not feature the home button in favor of the gestural navigation feature of the iPhone X. Interestingly, the new iPhone will not feature a dual camera setup and neither the 3D Touch feature.
A source told Bloomberg that Craig Federighi, Apple's Software Chief anxious that developers while rushing to sign off on projects could possibly make mistakes, with this in mind the upcoming home screen redesign for the iPhone, iPad and CarPlay and update the stock photo app have been put on hold. The next-generation iPhone X will have a 5.8-inch OLED display and proposed iPhone X Plus will come with 6.5-inch OLED screen.
Shah reportedly said that Broadcom is set to see its average wireless chip content per flagship iPhone drop from around $23 in the current models to just $19 in the models that'll launch later this year. A new iPhone X style device with improved internals, a larger "iPhone X Plus" with a 6.5-inch OLED display, and the 6.1-inch LCD model.
Ashraf Eassa has no position in any of the stocks mentioned. The Motley Fool owns shares of Qualcomm and has the following options: long January 2020 $150 calls on Apple and short January 2020 $155 calls on Apple.